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BRI 2010 Annual Report

BRI 2010 Annual Report

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Sections

  • Program Loan
  • Third Party Fund Product
  • Simpedes
  • BritAma Junio Saving
  • Hajj Saving
  • Consumer Business
  • BritAma Saving
  • Demand Deposit (GiroBRI)
  • Time Deposit (DepoBRI)
  • BRI Priority Banking
  • Consumer Loan
  • Credit Card
  • MARKETING COMMUNICATION
  • Agribusiness Loan
  • Commercial Business
  • Commercial Business Loan
  • Development Plan
  • Loan Products
  • Cash Management Service
  • DEVELOPMENT PLAN
  • International Business
  • Remittance Transactions
  • B. Committees of the Board of Commissioners
  • C. Other Functions
  • B. COMMITTEES OF THE BOARD OF DIRECTORS
  • 1. Risk Management Committee (RMC)
  • a. Structure and Membership of RMC
  • b. Duties and Responsibilities of RMC
  • c. Work Plan of RMC in 2010
  • e. Realization of RMC Work Plan
  • 2. Assets and Liabilities Committee (ALCO)
  • a. Structure and Membership of ALCO
  • b. Duties and Responsibilities of ALCO
  • 7. Strategic Plan of Bank Rakyat Indonesia
  • Financial Statements
  • CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
  • Press Release 2010
  • Contact Address

To Get Closer to Customer - to Serve All with Passion
BRI has become the prime option for its capability to meet various needs from its customers of all segments as well as economic sectors, from rural agriculture area to business district center. BRI’s existence is being more acknowledged widely because its products and services innovations as well as its network coverage all over Indonesia. As a nation Bank, BRI strongly holds Indonesian’s value and cultures. BRI shows its commitment to fully support the development of people’s economy to face tighter competition. The above mentioned added values have delivered BRI to achieve the best performance. BRI is now becoming more solid and more competitive to face business challenges in the future.

Table of Contents

Chapter

Page

Chapter

Page

1. Foreword
BRI at Glance Company’s Vision, Mission And Culture Financial Highlights Share Highlights Bonds Highlights Remarks from President Commissioner Supervisory Report of Board of Commissioners Report of President Director Statement of Responsibility for Financial Reporting of the Board of Commissioner Statement of Responsibility for Financial Reporting of the board of Director

1
2 4 7 8 9 10 12 18 30 31

3. Management Discussion and Analysis
General Overview Financial Review Changes in Accounting Policy Income Statement Interest Income Interest Expense Net Interest Income Other Operating Income Other Operating Expenses Earning Asset Loss Provision Expenses Income Tax Expenses Financial Position Balance Sheet

71
72 76 76 76 76 78 79 79 80 81 81 82 82 83 83 83 83 83 84

Chapter

Page

2. Company Profile
Company General Information Banking Product and Service Organizational Structure Images of BRI Networks Profile of the Board of Commissioners Profile of the Board of Director Senior Executives Networks Human Resources Information to Shareholders Dividend Payment Annual General Meeting of Shareholders 2010 Extraordinary General Meeting of Shareholders 2010 Issuance of Rupiah Subordinated Debt Chronology of Share Listing Management Stock Option Plan Share Ownership Subsidiaries Significant Events Awards Public Accounting Firm and Capital Market Supporting Institutions

33
34 35 36 38 40 44 50 52 54 55 56 56 58 59 59 60 61 62 63 68 70

Assets Cash and Current Account with Bank Indonesia Current Account and Placement with Other Banks Securities Government Recapitalization Bonds Loan Loan Quality Loan Write-off Investment in Shares of Stock Fixed Assets and Capital Expenditure Other Assets Liabilities Third Party Funds Current Liabilities Deposits from other banks and institutions Borrowing Subordinated Debt

84 84 85 85 85 86 86 86 87 87 87

ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK

Other Liabilities Equity Cash Flow Information Cash Flow from Operational Activities Cash Flow from Investment Activities Cash Flow from Financing Activities Financial Ratio Related with the Transparency Capital Adequacy Return on Equity Statutory Reserves Net Open Position Other Financial Information Dividend Payment Policy Significant Events Information on Investment/ Divestment Use of the Proceeds from Initial Public Offering (IPO) Use of Rupiah Subordinated-Debt II Issuance Funds Business Prospect Marketing Aspect Events after the Date of Financial Report Stock Split Bank Agro Acquisition Business Review Micro Small and Medium Enterprise Business Products and Performance of MSMEs Loan Products Micro Loan (Kupedes) Small Commercial Loan Salary Based Loan (Briguna)

87 87 88 88 88 88 89 89 90 90 90 91 91 91 91 91 92 92 92 93 93 94 96 96 97 97 97 97 98

Program Loan Third Party Fund Product Simpedes Microfinance International Cooperation Development Plan Consumer Business BritAma Saving BritAma Junio Saving Hajj Saving Demand Deposit (GiroBRI) Time Deposit (DepoBRI) e-Banking BRI Priority Banking Consumer Loan Housing Loan (KPR) Motor Vehicle Loan (KKB) Multipurpose Loan (KMG) Credit Card Marketing Communication Development Plan Commercial Business Agribusiness Loan Commercial Business Loan Development Plan Institutional and State Owned Enterprises Business Loan Products Saving Product and Banking Service Cash Management Service Institutional and SOE Business Performance Development Plan International Business Trade Finance Transaction Development Remittance Transactions

98 99 99 100 100 102 102 102 102 103 103 104 104 105 105 106 106 107 109 109 110 110 111 111 112 112 112 114 115 117 118 118 119

ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK

Table of Contents

Correspondent Banking Activity Development Overseas Working Unit Development Business Development Plan in 2011 Treasury and Capital Market Support Services Treasury Capital Market Supporting Service Trust and Selling Agent Custodian Services Financial Institution Pension Funds - DPLK Operational Review Human Resources Recruitment Employee Development Program Employee Welfare Industrial Relations and Corporate Culture Human Resources Development Plan Training and Education Training for Newly Recruited Employees Education for Development Applicative Training Educational Blueprint for Business and Business Support Staffs e-Learning Training and Education Program Plan Education Matrix in the Learning Blueprint for Employees and Business Support Network and Services Micro Business Network Development of BRI Units Development of BRI Teras Achievement in 2010 Development Plan Retail Business Network

120 121 121 122 122 122 122 122 123 124 124 124 124 124 125 125 125 125 126 126 126

Development Plan Services Procedures for handling customer complaints Center of Operation Business Process Improvement and Operational Efficiency Development of Operations Centers Development of Credit Card and e-Banking RTGS, Bank Clearing, and Treasury Transactions Remittance Transactions Development Plan Information Technology and Systems BRINETS Core Banking System (CBS) Development of Electronic Banking Credit Card Development of Management Information System (MIS) New Cash Management Sustainable Business Planning and Disaster Recovery The Availability of Communication Network Security System and Security Awareness Development Plan Fixed Assets and Logistic Management Risk Management Implementation of BRI Risk Management Implementation of Credit Risk Management Implementation of Market Risk Management

130 131 132 134 134 134 134 134 135 135 136 136 137 137 137 138 138 138 138 138 139 140 140 141 142 142 143

127 127 128

129 129 129 129 129 129 130

Implementation of Operational Risk Management Business Plan

ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK

Chapter

Page

Duties and Responsibilities of NRC The Nomination Function Remuneration Function Other Functions Frequency of NRC Meetings Nomination and Remuneration Committe’s work Plan Risk Management Supervisory Committe Structure, Membership, Expertise and Independency of RMSC Member Profile of RMSC Members Duties and Responsibility of RMSC Frequency of RMSC Meetings RMSC Work Plan

162 162 162 163 163 166 167 167 168 168 168 170 171 171 171

4. Corporate Governance
Introduction The Structure of Good Corporate Governance General Meeting of Shareholders Annual General Meeting of Shareholders 2010 Extraordinary GMS 2010 The Board of Commissioners The Duties, Authorities, and Obligations of the Board of Commissioners The Number, Composition and Criteria and Independency of the Member of the Board of Commissioners The Duties and Authorities of the Board of Commissioners Board of Commissioners Guidelines Frequency of the Board of Commissioners Meetings Approval and Recommendation of the Board of Commissioners to the Board of Directors regarding The Duties, Authorities, and Obligations of the Board of Commissioners Procedure of Remuneration for Member of the Board of Commissioners Committees of the Board of Commissioners Audit Commitee Structure, Membership, Expertise and Independency of Audit Committee Members Profile of Audit Committee Members Duties and Responsibilities of Audit Committee Frequency of the Audit Committee Meetings Audit Committee Work Plan Nomination and Remuneration Committee (NRC) Structure, Membership, Expertise, and Independency of NRC Members Profile of NRC Members

145
146 147 147 148 151 153 153 153

154 154 154 155

Directors Duties and Responsibilities of the Board of Directors The Number, Composition, Criteria and Independency Of The Member Of The Board Of Directors Duties And Responsibilities Of The Board Of Directors Frequency of the Board of Directors Meetings Committee of the Board of Directors Risk Management Committee (RMC) Structure and Membership of RMC Operation Risk Management Committee (ORMC) Credit Risk Management Committee (CRMC) Market Risk Management Committee (MRMC) Duties and Responsibilities of RMC Work Plan of RMC in 2010 Frequency of RMC and Sub-RMC Meetings Realization of RMC Work Plan Assets and Liabilities Committee (ALCO) Structure and Membership of ALCO Duties and Responsibilities of ALCO

171 174 175 175 175 176 177 177 178 179 179 180 181 181 181

156 156 156 157

157 158 158 160 160 161 161

ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK

Table of Contents

ALCO Work Plan Frequency of ALCO Meetings Credit Policy Committee (CPC) Structure and Membership of CPC Duties and Responsibilities of CPC CPC Work Program in 2010 Frequency of CPC Meetings Realization of Credit Policy Committee Work Plan Credit Committee Structure and Membership of Credit Committee Duties and Responsibilities of Credit Committee Frequency of the Credit Committee Meetings Realization of Credit Committee Work Plan Information System and Technology Steering Committee (ITSC) Structure and Membership of ITSC Duties and Responsibilities of ITSC ITSC Work Plan Frequency of ITSC Meetings Realization of Work Plan PMO Steering Committee Structure and Membership of PMO Steering Committee 2010 Duties and Responsibilities of PMO Steering Committee PMO Steering Committee Work Plan Frequency of PMO Steering Committee Meeting Realization of PMO Steering Committee Work Plan Human Resources Policy Committee Structure and Membership of Human Resources Policy Committee Role and Responsibility of Human Resources Policy Committee

182 182 183 183 183 184 184 185 185 185 186 186 187 187 187 188 188 189 189 190 190 190 190 191 191 191 191 192

Human Resources Policy Committee Work Plan Frequency of Human Recources Policy Committee Realization of Human Resources Policy Committee Work Plan Job Evaluation Committee Structure and Membership of Job Evaluation Committee Duties and Responsibilities of Job Position Evaluation Committee Job Evaluation Committee Work Plan Frequency of Job Evaluation Committee Meeting The Board of Commissioners and the Board of Directors Relations Corporate Secretariat Corporate Secretariat Function Public Relations Investor Relations The Board of Directors and the Board of Commissioners Secretariat Profile of Corporate Secretary Application Of Compliance, Internal Audit And Risk Management Functions Compliance Function Internal Audit Function Code of Conducts External Audit Function Implementation of Risk Management including Internal Control System Lending to Related Parties and Large Exposure Strategic Plan of Bank Rakyat Indonesia Disclosures Access to Company Information Transparency of Bank Financial and Non Financial Condition Share Ownership of Commissioner and Director

192 192 193 193 193 193 193 194 194 196 196 196 197 197

197 198 198 199 200 200 201 204 204 206 206 207 208

ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK

Financial and Familial Relations of members of the Board of Commissioners and the Board of Directors with other members of the Board of Commissioners, the Board of Directors, and/or Controlling Shareholder Remuneration Policy/Package and Other Facilities for Commissioners and Directors Share Option Salary Ratio (Highest and Lowest) Number of Internal Fraud Important Cases Faced by the Company, Member of Board of Commissioners and Member of Board of Directors Litigation Cases Conflict of Interest Transactions Buy Back Share and/or Buy Back of Bonds Fund Allocation for Political Activities Fund Allocation for Company Social Responsibility Procedure of Customer Complaint Handling Self Assessment on GCG Implementation

208

Chapter

Page

6. Subsidiary
PT Bank BRISyariah Historical Background Sharia Banking Products and Services Business Performance 208 Development Plan

223
224 224 224 225 225

210 211 211 211
Chapter Page

7. 2011 Strategic Plan
Loan Third-Party Fund Fee-Based Income

227
228 229 229

212 212 212 212 213 213 214

Chapter

Page

5. Corporate Social Responsibility
Partnership Program BRI Cares BRI Cares for Public Facilities BRI Cares for Natural Disaster Relief BRI Cares for Education BRI Cares for Public Health BRI Cares for Places of Worship BRI Cares for Environmental Conservation SOE Cares for Community Development Program

217
218 219 220 220 221 221 221 222 222

ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK

Financial Statements Board of Directors Statement Regarding Financial Statement Responsibility Independent Auditors’ Report Consolidated Balance Sheets Consolidated Statements of Income Consolidated Statements of Changes in Equity Consolidated Statements of Cash Flows Notes to The Consolidated Financial Statements 231 232 234 236 241 243 245 248 Page Others Press Release 2010 Correspondence with Capital market and Financial Institutions Supervisory Agency (Bapepam-LK) and Indonesia Stock Exchgange (BEI) BRI Network and Address Contact Address Navigation of Annual Report 2010 for Capital Market and Finansial Institutional Supervisory Agency (Bapepam-LK) 385 387 390 426 427 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK .Table of Contents Chapter Page 8.

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improving its business and operational processes to win in the marketplace. Innovative .Chapter Management Discussion and Analysis 3 Yoyo is played by attaching the free end of the rope on the middle finger The player holds yoyo and throw it down creatively in different styles and adeptly catch it back. BRI continues to develop new products and features. Amidst changing business environment.

437.30 1.99% Loan CAGR* : 28.85 trillion. BRI Financial Report Banking Sector Loan BRI Loan of BRI grew by 20. December 2010.11 SUBSIDIARIES 792. 246. % to Banking Sectors CORPORATE SOCIAL RESPONSIBILITY In trillion Rupiah 14. BRI is also maintaining its reputation as the most profitable bank in Indonesia since 2005.24% in 2010. As a result. compared to Rp1.534.52 trillion in 2009 to Rp246.65% 9.310.01 1.85 3.16% in 2010 or up from Rp205.85 13.986. BRI Financial Report FINANCIAL STATEMENTS Banking Sector *) CAGR (Compound Annual Growth Rate) % to Banking Sectors 72 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.56 ‘06 BRI 154. December 2010. The growth of BRI's loan in 2010 is lower than banking sector loan due efforts to maintain a healthy and good loan quality.06 205.73% in 2010 or rose from Rp2. The comparison on financial performance of BRI and Indonesia banking sector is as follows: COMPANY PROFILE Total Assets In trillion Rupiah 12.67% 10.008.24% . In terms of loan.42% MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CAGR*: 26.50 ‘08 314.008.693.96 trillion in 2010.307.96 1. 246.03 2.765.75 ‘09 ‘10 source: Central Bank-Statistics of Indonesian Banking.85 ‘08 161.69 BRI 2011 ‘06 BRI 90.534.437.52 ‘09 ‘10 source: Central Bank-Statistics of Indonesian Banking.32% 398.002.42% in the previous year to 13.80% by the end of 2010 to Rp1.11 trillion in 2009 to Rp3.36% 12.29% 13. BRI is also leading the market as the biggest lender.85 ‘07 203.93 Total Aset 2.765.13% CORPORATE GOVERNANCE BRI Total assets of BRI grew by 26. Banking Sector Banking sectors loan expanded 22.61% 11. BRI managed to improve its market share from 12.85 trillion in 2010. BRI's total assets grew higher than banking sector and BRI managed to improve its market share from total assets point of view.28 ‘07 113.60 1.25% 10.39 trillion in 2010.40% 11.73 1.58% in 2010 or increased from Rp314.39 1. Banking Sector Total assets of domestic banking sector grew by 18.93 trillion in 2010.75 trillion in 2009 to Rp398.FOREWORD General Overview In 2010.

88% 75.03% in 2009 to 14.12 trillion in 2009 to Rp328.12 328.83 1.88% in 2009 to 75. The contribution of BRI's third party funds managed to grew from 13.29 1. CORPORATE GOVERNANCE ‘06 BRI ‘07 ‘08 ‘09 ‘10 source: Central Bank-Statistics of Indonesian Banking. BRI Financial Report BRI 2011 BRI Banking Sector ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.71 trillion in 2009 to Rp2. Banking Sector Banking sector's LDR increased from 72. This is due to TPF growth exceeding the rate of loan growth.17% SUBSIDIARIES 61.54% 68. BRI Financial Report Banking Sector % to Banking Sectors CORPORATE SOCIAL RESPONSIBILITY Loan to Deposit Ratio (LDR) 79.29% from Rp254.510.82 trillion in 2010. 73 FINANCIAL STATEMENTS .753.56 trillion in 2010.80% 66.67% 1.950.05% in 2010.47 165.17% in 2010.56 2.93% 72.05% MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CAGR* : 27.88% in 2009 to 75.21% in 2010. Banking Sector Third party funds of banking sector grew by 19. 14.21% 74.46% 10.49% 9.92% 80. The source of growth comes from low cost fund both from retail and institutional customers.58% 72.10 1.90% in 2010 raised from Rp1. December 2010.338.FOREWORD COMPANY PROFILE Third Party Funds In trillion Rupiah 13.95% 11.50 254.56% 2006 2007 2008 2009 2010 source: Central Bank-Statistics of Indonesian Banking.88% 75.287.03% Third Party Funds (TPF) BRI Third party funds collected by BRI has grew significantly by 29.82 124.950. December 2010.338.71 201.48 Loan to Deposit Ratio (LDR) BRI LDR BRI's down from 80.

77% CORPORATE GOVERNANCE 5.78% 2.16% 10. This is in line with the increase in loan productivity and the impact of implementation of International Financing Reporting Standards (Pernyataan Standar Akuntansi Keuangan/PSAK) No.86% and complies with minimum ROA requirements set by BI of 1. ROA is 4.64% BRI 2011 2.14% 5. 50/55 application. Return on Assets (ROA) 4.14% in 2009. In 2010. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Net Interest Margin (NIM) 11.33% 2008 2.86% in 2010. December 2010. where the calculation of interest income with flat interest rate is converted to effective interest rate.70% 5.73% in 2010.86% 2006 2007 2009 2010 source: Central Bank-Statistics of Indonesian Banking.80% 10.73% 2006 2007 2008 2009 2010 source: Central Bank-Statistics of Indonesian Banking.56% 5.73% in 2009.18% 9. BRI Financial Report FINANCIAL STATEMENTS BRI Banking Sector 74 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.77%.86% 10.61% 4.64% SUBSIDIARIES 2. BRI Financial Report BRI Banking Sector CORPORATE SOCIAL RESPONSIBILITY Return on Assets (ROA) BRI In line with significant increase in net profit. . Banking Sector NIM of banking sector are showing a stable trend and slightly increased to 5.60% 2. an increase from 9.60% in 2009 to 2. December 2010. BRI's NIM stood at 10.64% or increased from 3.5% Banking Sector Banking sector ROA rose from 2.COMPANY PROFILE FOREWORD Net Interest Margin (NIM) BRI The NIM of BRI in the last six years has been consistently above banking sector.73% 4.18% 3. which higher than average banking sector of 2.36% 4.66% 5.

FOREWORD COMPANY PROFILE Capital Adequacy Ratio/CAR BRI BRI's CAR in 2010 reached 13.76% 17.76% or increased from its 2009 position of 13.20% 13.76% 16.20%. 75 CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS .18% in 2010. CAR of banking sector down from 17.42% in 2009 to 17.18% CORPORATE GOVERNANCE 2006 2007 2008 2009 2010 source: Central Bank-Statistics of Indonesian Banking. This is due to significant net profit improvement in 2010 that strengthen BRI's capital structure.84% 13.27% 19.18% 13. BRI Financial Report BRI Banking Sector ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Banking Sector Along with the high growth of loan. December 2010. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Capital Adequacy Ratio (CAR) 21.82% 15.30% 18.42% 17.

545 (16. 16.958 2009 35.822 (9.62 trillion.334 (12.960) (5.37 trillion from December 2009. Interest Income growth among others comes from the increasing number of loan disbursements amounted to Rp44.535 (10.29 trillion in 2009 to Rp39.29 trillion in 2010.544) 16.32%. Changes in Accoounting Policy BRI has adopted PSAK 50 and 55 on the Financial Statements for Financial Year 2010. record book value of loans and the formation of assets loss provision (Cadangan Kerugian Penurunan Nilai/CKPN). . CORPORATE SOCIAL RESPONSIBILITY 2006 Interest Income Interest Expense Net Interest Income Other Operating Income Other Operating Expenses Asset Loss Provision Expenses Other Non-Operational Income/Expenses Profit Before Tax and Minority Interest Net Profit 21. The increased profit was supported by a significant growth of asset which reached 27. This adoption includes impact on the calculation of interest income.891 7.81 trillion.789 1.15% from Rp29.308 2010 44.51 trillion.11% in 2009 to 3.270 (11.58% decline from the previous year of Rp1.56% from Rp316.838 2008 (Rp billion) 28.285) 23.651 2.889 5. Further discussion on this matter can be found in later sections of this chapter. Contribution of interest income to total interest income was 88.73%.446) 19. In 2010.666) (1.4 trillion in 2010.727) 32.997) (2.844) 476 8. This was followed by a decline in the portion of interest income from government bonds from 5.78% and from loan interest income as a result of the application of PSAK 50 & 55.38% in 2010. BRI's profit after tax has increased significantly over the previous year by 56.822 5.33 trillion.27% from the previous year of Rp35.943) 224 7. The amount of total loan interest income by itself increased by 35.097 (8.907 4.071 (7. an increase of 26.615 (11.331 9.697 1. Interest income from government bonds during 2010 was recorded at Rp1.282) 13.908 11.509 (7.90% of total interest income.848) 122 5.917) 506 14.114) (7.59 trillion in 2010.FOREWORD Financial Review COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS BRI managed to record satisfactory performance in 2010 supported by its ability to maintain sustainable business growth and improving financial fundamentals. an increase from 2009 which was recorded at 82.98%.241 (6. net profit of BRI totaled Rp11. or by 21.472 FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 76 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.780 4.95 trillion in 2009 to Rp404. CORPORATE GOVERNANCE Income Statement Interest Income Interest income during 2010 was recorded at Rp44. The decline was due to the maturity of Rp1.258 2007 23.050 3.799) 1. Rose NPL ratio was maintained at the level of 2.47 trillion.020) (1.

total fees and commission income which are material and directly related to lending activities. are amortized in accordance with the contract period using the effective interest rate and are classified as part of interest income. So as the result. Referring to the implementation of PSAK 50 and 55 (R.52 trillion. a 16.24 trillion.88% down from the previous year of Rp4. As with the previous PSAK.FOREWORD COMPANY PROFILE Interest income from other earning assets other than loans and government bonds was recorded at Rp3. according to current PSAK 50 & 55 (R. If in the previous PSAK (PSAK 31). i. amortization was calculated using the straight line method.e. the proportion of income from these eraning assets is also lower than the previous year from 11. interest income is recognized using the effective interest rate method. while material amounts are recorded in advance as deferred income to be amortized over a period of time. 77 FINANCIAL STATEMENTS .99% to 7.2006).2006). fees and commissions income not considered of material amount are directly accounted for in the Statement of Income as revenue in the said period.89% of total interest income. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BRI’s Composition of Interest Income CORPORATE SOCIAL RESPONSIBILITY 2009 Loan Interest Income Interest Income from Other Earning Assets Interest Income from Government Bonds SUBSIDIARIES BRI 2011 2010 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. interest rates discounting the estimated cash receipts in the future to obtain the net carrying amount at initial recognition (measurement).

763 22.54% from Rp12.522 1.957 15.29 trillion in 2009 to Rp11.73 trillion in 2010.343 29.823 1.615 MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS 39.097 23.968 2.587 35. This decrease in interest expenses was due to decline in deposit rates.264 2.020 3.241 21. especially time deposit rates. .339 3.237 1.806 3.292 Loan Interest Income Interest Income from Other Earning Assets Total Interest Income CORPORATE GOVERNANCE 2.334 Interest Income from Government Bonds 28.506 ‘06 ‘07 ‘08 ‘09 ‘10 Interest Expenses Interest expenses decreased by 4.071 17.COMPANY PROFILE FOREWORD Interest Income In billion Rupiah 44. CORPORATE SOCIAL RESPONSIBILITY Composition of Interest Expense BRI 2011 SUBSIDIARIES 2009 2010 Saving Time Deposit Demand Deposit Others FINANCIAL STATEMENTS 78 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.930 4.

underwriting services.54 trillion. Fee-based income consists of deposit services.86% 10.79% among others was derived from increased deposit services by 38.77% from 9.69% from Rp23. BRI’s net interest income was recorded at Rp32. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Net Interest Income (NII) In billion Rupiah 10. credit services. insurance partnership services.2006). 11. trade finance services.81% from Rp2. ie. an increase of 32.615 CORPORATE SOCIAL RESPONSIBILITY 12.697 28. treasury services.285 ‘06 ‘07 ‘08 ‘09 ‘10 Other Operating Income Other operating income in 2010 increased from Rp3.071 13.727 7.05 trillion in 2009. 50.049 44.41%.544 8. Fee-based income contributed the largest. payment management services. Fee-based income as of 31 December 2010 is recorded at Rp2. The rise was partly contributed by an increase in loan outstanding due to expansion.334 23. surveillance services.16% 10.18% 9.651 35.14% CORPORATE GOVERNANCE 32.097 19. The increase of 32.27 trillion in 2009 to Rp5.81 trillion. Interest margin increased to a level of 10. and safe deposit box rental services.446 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.77% 11.89 trillion.281 6.889 Total Interest Income Total Interest Expense NII NIM 21. trade finance rose by 69.73% of total other operating income. 79 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS .12 trillion in 2009. credit card services.241 16. 101. an increase of 42.67% increase in ATM services and syndication services increased by 228%.FOREWORD COMPANY PROFILE Net Interest Income As of 31 December 2010.14% in 2009. improved loan quality and the application of PSAK 50 and 55 (R.789 23.02%. ATM services. which adjusts recognition of interest income from loans with flat interest rates.

400 Teras BRI.96% from Rp6. sub-branch offices.2006). amounted to Rp277. and other electronic delivery channel. and quality of the branch offices. Income from foreign exchange transactions was recorded at Rp773. income from early loan repayments. . this is mainly due to increse in the number of human resources in 2010 as a consequence of the networks expansion. and 7.767 51 614 103 2.71 trillion in 2010. BRI added 1 regional office.21 billion. clearing charges etc.68 trillion in 2010.26 billion.net Miscellaneous Total Other Operating Income 838 484 0 187 1.813 1. In 2010.74% from Rp12. BRI continuously improves its services through optimizing the developments.59 billion from the previous year which was recorded at Rp713.23%. a slight decrease from the previous year of Rp270.72 trillion in 2009 to Rp4. which stood at Rp1.118 0 270 713 168 3. BRI units.53 trillion. an increase of Rp59.02 billion.65 billion in December 2010.73 trillion in 2010. up 65. outlets and e-channel) general and administrative expenses also increased from Rp3.43 billion due to changes in exchange rates.535 2009 2.456 48 176 142 1.68 trillion in 2009 to Rp8. Labor and benefits expenses increased significantly by 29. The increase in these costs can be covered by the increase in operating income so that BRI can maintain CER (Cost Efficiency Ratio) at the level of 42.270 2010 2.233 new EDC.29 trillion in 2009 to Rp11. 4 branch offices. in 2010 recovered written off assets in acknowleged as other operating income.509 2007 1.01% from the previous year which was Rp168. Gain obtained from the marked to market of securities position reached Rp156. expansions. (Rp billion) 2006 Fee Based Income Recovery of written-off loan Marked to market profits Gain on foreign exchange . 36 sub-branch offices. Meanwhile. 2. ATMs. 94 cash outlets.525 156 773 278 5.307 ATMs. Likewise due to the increasing number of networks and services (operational units.822 2008 1. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 80 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS In accordance with PSAK 50 and 55 (R. 111 BRI units.545 CORPORATE GOVERNANCE Other Operating Expenses Other operating expenses increased by 34. other income consisted of income from fines.15 billion.

666 2007 5.997 2009 6.676 4.63 trillion in 2009 to Rp3.114 MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS 11.997 9.831 2.92 trillion in 2010.53% from Rp5.274 2.114 CORPORATE SOCIAL RESPONSIBILITY Earning Asset Loss Provision Expenses During 2010.203 16.020 7.92 trillion in 2010. The increasing in formation of provisions was among others to anticipate an increased risk of bad loan in line with the rise in outstanding loan and the anticipation of potential impact of natural disasters in several regions in Indonesia.711 0 0 524 0 2.676 3.079 10.666 Personnel Fees and Commission Premium for Government Insurance Miscellaneous General and administration Losses and Impairment or Sale of Securities Value and Recapitalization Bonds Loss from FX transaction Total Other Operating Expenses CORPORATE GOVERNANCE ‘06 ‘07 ‘08 ‘09 ‘10 (Rp billion) 2006 Personnel General and administration Fees and commission income Losses from impairment/sale of securities value and recapitalization bonds Premium for Government Insurance Loss from FX transaction Miscellaneous Total Other Operating Expenses 4.405 3 46 267 0 1. Income Tax Expenses One of the contributions provided by BRI to the government other than dividends is tax.024 9.91% from Rp2. 81 BRI 2011 FINANCIAL STATEMENTS . the tax contribution has accounted for deferred tax benefit amounting to Rp486. total provision for earning assets was increased by 36. Income Tax paid by BRI increased 48.960 2010 8.329 3.054 3 0 206 5 567 7.20 billion.142 11. SUBSIDIARIES ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.79 trillion in 2009 to Rp7.FOREWORD COMPANY PROFILE Other Operating Expenses In billion Rupiah 16.960 10.020 2008 6.718 0 0 424 0 1.088 1 150 349 0 1.

BRI takes careful steps in the management of its asset and liabilities in order to maintain its financial performance and to keep the policy to put sustainable growth of earning assets as the emphasis.725 137.103) 134 1.306 154.990 130.725 3.044 18.735 184.622 24.297 165.600 37.663 24 654 1.223 113.357 1.690 255.005) 90 1.505 19.net Deferred Tax Assets Other assets Total Liabilities Liabilities Third Party Funds Current Account Saving Account Time Deposit Immediate liabilities Deposits form other banks Securities with agreements to resell Borrowing Subordinated Debt Other Liabilities Equity Paid-in capital Other capitals Retained Profit Loss 2006 154.973 (6.140 8.765 2.611 103 2.143 3.371 4.295 4.928 50.978 2008 Rp billion 246.383 27.626 252.048 15.124 5.869 13.063 246.642 143 348 1. .286 367.893 49.368) 111 1.108 (8.270 2.300 56.160 526 9.156 12.956 1.915 5.301 9.990 88.673 6.958) 77 1.077 6.055 16.542 0 479 2.123 2009 2010 FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS 82 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.644 4.543 20.796 16.308 38.964 22.735 5.258 17.364 125.621 3.257 6.611 2.482 18.537 39.438 6.455 2.539 36.505 11 323 865 2.463 101.864 58.847 124.822 3.298 4.322 16.835 404.297 2.357 6.041 31.027 208.231 5.930 23.450 544 13.144 27.439 2007 203.123 (11.235 316.947 8.879 6.445 90.356 711 8.924 88 660 2.077 73.428 103 3.000 6.163 2.077 223.750 9.333 4.094 104.350 8.159 3.714 203.Net Securities owned .468 27.459 14.720 201.718) 69 1.COMPANY PROFILE FOREWORD Financial Position Balance Sheet Amidst challenging macroeconomic and banking industry conditions.167 3.947 289.868 103 1.net Government Recapitalization Bonds Loan Disbursed CKPN Investment .139 12.366 7.352 161.021 13.283 (6.946 25.881 404.678 8. Balance Sheet Summary Total assets Cash Current Account with Bank Indonesia Current Account and Placement with Other Banks .165 3.485 25.538 5.652 77.162 72.569 7.750 13.489 (14.net Fixed asstes .net Acceptance Receivables .325 316.382 2.528 15.923 88.296 7.286 9.138 3.976 19.net Other assets Derivative Receivables .612 333.

683 6. Government Recapitalization Bonds As of 31 December 2010.96% from Rp25.083 5.29 trillion in December 2010. Starting financial year 2010.74% to 3.89 trillion in 2009 to Rp19. Securities CORPORATE SOCIAL RESPONSIBILITY Securities decreased by 6.67 trillion. In line with the growth in earning asset and also of the same cases where there are conditions which show objectives evidence of declining value comes from deterioratings of the borrowers business caused by natural disasters.04% from Rp12.63 trillion. The increase was primarily due to an increase in BI regulations regarding Minimum Reserve Requirement. the amount represents Rupiah Reserve Requirements of BRI listed at Bank Indonesia was 8.626 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.03 trillion. as of 31 December 2010 BRI formed a total of provision of Rp14.56% from Rp316.14 trillion in December 2009 to Rp9. if there is a gap between the net present value of the debtors payment and its value on the recording date.352 2009 11.71% from Rp49.91% of total earning assets.270 16.93 trillion in December 2010.600 15. with the initial application of PSAK 50 and 55 (R. once an objective evidence of declining value is identified.05%. with the largest contributions was from earning assets expansion during 2010 rose Rp80. The financial assets will decline in value if there are objective evidence which indicates occurred after the initial recognition of financial assets and affected the debtor’s payment in the future. The provision should be provided.427 3.539 18.70 trillion in December 2010.56% from Rp8.06 trillion in December 2009 to Rp379.539 18.445 2007 11.2006).49 trillion in 2009 to Rp88. declined 9. thus causing a decline in the contribution of government recapitalization bonds to total asset from 4.75 trillion on 31 December 2010. As for collective impairment assesment the calculation in 2010 was still based on loans collectibilities.FOREWORD COMPANY PROFILE Assets Total assets of BRI as of 31 December 2010 increased by 27. Current Account and Placement with Other Banks CORPORATE GOVERNANCE Demand deposits and Placement with other banks increased by 79.53 trillion on 31 December 2009 to Rp23. Demand deposits at BI also increased 55.026 3.05% from the position in December 2009 which amounted to Rp11. SUBSIDIARIES Government Recapitalization Bonds (Rp billion) Types of Interest Rates Fixed Interest Rate Floating Rate Total 2006 11. Composition of government recapitalization bonds was 3. 83 BRI 2011 FINANCIAL STATEMENTS .49 trillion or 66.4 trillion. The calculation of reserve calculation is now based on impairment assessed individually or collectively.99 trillion in 2010. There will be an assesment on a borrowers payment ability.027 2010 10.50% of total earning assets.32% from 2009 which amounted to Rp15. Composition of earning assets which as of December 2010 amounted to Rp379. The increase is part of the strategy to optimize revenue from the increase of funds at year end.600 13.37%.63 trillion from Rp299.98 trillion in December 2010. This decrease was due to government recapitalization bonds which matured in 2010 amounted to Rp1. BRI has Government Recap Bonds amounting to Rp13. This amount increased by 21.70 trillion was still dominated by loan and receivables amounting Rp252.223 2008 11.59% and other earning assets including Bank Indonesia Certificates and other securities was 29.12 trillion.906 6. Cash and Current Account with Bank Indonesia MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Cash position as of 31 December 2010 increased 22. the calculation of reserve for financial assets is no longer using the loan loss provision derived from a matrix of calculations based on loan collectibility.95 trillion in December 2009 to Rp404.

800 12. which down from 1.424 19.14 trillion. Small and Medium Enterprises (MSME). BRI had succesfully increase its total loans and sharia financing from Rp208.32%. in 2010.210 32.40% in December 2009 to 1.076 75. or an increase of 21.295 14. .76% is channeled to the corporate sector.38% to 2.489 43. BRI wrote off loans of Rp4. SUBSIDIARIES 84 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.87% and NPL of corporations improved from 4. Improvement of loan quality was supported by NPL improvement in the micro segment. A percentage of 17. loans are initially measured at the fair value that is equal to the transaction price subsequently recorded at book value (amortized cost) namely the remaining principal after deducting amortization of Fees and Transaction Costs (BRI expenses) as long as the transaction costs can be attributed directly and is an additional cost to realize the credit.28 trillion in December 2009 to Rp12.809 30. As a bank with business focus on Micro.602 42.50 trillion in December 2010.02% in December 2009 to 3.576 27.51% in 2009 to 2.352 75.07% in December 2009 to 0.53 trillion in December 2009 to Rp232.908 113. BRI’s gross non performing loan (NPL gross) has declined from Rp7. The biggest increase in lending comes from the distribution of micro loans which grew by 39. NPL in the middle segment down from 12.756 54.79% in 2010.999 7. Increasing amount of loans write-off in 2010 was among others caused by bad loans in the small commercial segment due to factors of natural disasters that occurred in several regions in Indonesia and in the medium segment due to the global economic crisis. Special Mention Loan slightly increased from Rp11.357 CORPORATE GOVERNANCE 8.49 trillion in 2010.95 trillion in December 2010.099 100.96 trillion and recovered loans previously written off amounting to Rp1.865 208.843 43.123 13. resulting in an improvement of NPL gross ratio from 3. While small commercial’s NPL Loan disbursed In billion Rupiah 252.283 11. BRI has a dominant proportion of loans to MSME at 82. recording loans must follow PSAK 50/55 (2006 Revision).453 119.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Loan In 2010.75% in December 2010.31% to 6.973 90. In this case. FINANCIAL STATEMENTS BRI 2011 Loan Write-off In 2010. In contrast to the year 2009 (according to PSAK 31) in which loans were recorded at cost price. Loan Quality BRI’s loan in the current category increased 22.12 trillion in 2009 to Rp252.45% in December 2010. Amortization using effective interest rate method.43%.38%.108 38.24% of the total loan portfolio.04 trillion in December 2010.91% from Rp189.21% in December 2010.31 trillion in December 2009 to Rp7. NPL net also improved from 1.284 53.371 CORPORATE SOCIAL RESPONSIBILITY ‘06 Micro ‘07 Small commercial ‘08 Medium ‘09 ‘10 Corporation Total increased slightly from 3. including State Owned Enterprises and NonState Owned Enterprises.896 161.

12% from December 2009 of Rp111. Fixed assets position was recorded at Rp5.69% from the previous year which was at Rp7.95 trillion.945 1.46 billion.506 772 2010 4.582 665 536 2. other assets was recorded at Rp7. PT.223 528 255 1.FOREWORD COMPANY PROFILE Loan Write-off Loan write-off Recovery of written-off loan 2009 2. deferred tax assets and other assets.405 2009 2010 CORPORATE SOCIAL RESPONSIBILITY Fixed Assets Land & Buildings Furnishing and Inventory Vehicles Computer and software Leasing Total Other Assets On 31 December 2010. PT.939 384 4. acceptation receivable.486 2008 (Rp billion) 1. 85 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . Sarana Bersama Pembiayaan Indonesia : Rp536 million d. Pemeringkat Efek Indonesia : Rp210 million CORPORATE GOVERNANCE Fixed Assets and Capital Expenditure Along with the network expansion of BRI. up 20. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.41 trillion. up 9.884 328 4.64 trillion.025 59 4.811 754 550 2. there is increasing investment in fixed assets in 2010.30% from 2009 of Rp4.89 billion.964 1.340 627 306 1.330 2007 1. Details of investment in shares of stock owned by BRI as of 31 December 2010 are as follows: a. Kustodian Sentral Efek Indonesia : Rp900 million c.436 635 500 2. PT. BTMU-BRI Finance (previously PT UFJ BRI Finance) : Rp134. an increase of 3. The increase was due to gains from participations which are reinvested as participation in the company. 2006 1. PT.92 trillion.137 (Rp billion) MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Investment in Shares BRI Investment in Shares of stock as of 31 December 2010 (net) was Rp133.289 1 5.159 3 4.13 billion b.655 1. Other assets consists of derivatives.

The growth was partly because of BRI’s success in cooperation with government and private institutions as well as the inclusion of the Treasury Single Account (TSA ) at the end of 2010. BRI recorded current liabilities of Rp4.76%.364 101. the vast network. As of 31 December 2010.990 72. time deposit was recorded at Rp130. In 2010. The biggest contributor comes from Third Party Funds which has increased 30.99 trillion. up 20.70% of total third party funds.93 trillion in 2009 to Rp333. which was one way of optimizing the role of BRI in the implementation of the TSA .308 27.90% from IDR289.138 125. Mudharabah Savings. up 28. as well as increasing public and investor confidence.600 124.928 201.077 39. CORPORATE GOVERNANCE Third Party Funds Third Party Funds are funds raised from third parties in the form of demand deposits. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS By end of 2010. among others came from some government institutions and insurance companies.463 50.652 255.371 130. savings reached Rp 125.298 SUBSIDIARIES 38. This increasing portion of saving was the result of successfull marketing campaign of the products as well as the product’s feature development which succesfully attracted more customer.37 trillion. BRI’s demand deposits experienced the highest growth compared with other components of third party funds.923 104.538 56.61 trillion.37% compared to 2009.864 ‘06 BRI 2011 ‘07 ‘08 Saving ‘09 ‘10 Total Demand Deposit TimeDeposit FINANCIAL STATEMENTS 86 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. down 4. Some of the transactions entered into this item are money transfer deposits. Contribution of third party funds to total liabilities of BRI reached 90.537 165.54% compared to 2009 of which stood at Rp101.61% from 104. CORPORATE SOCIAL RESPONSIBILITY Third Party Funds In Trillion Rupiah 333. BRI’s demand deposit increased 54.297 58.36 trillion in December 2010.300 37.46 trillion. and Mudharabah Time Deposits.468 73. clearing deposits and advance payment deposits.162 88. Increased time deposits.69 trillion in December 2009 to Rp367.COMPANY PROFILE FOREWORD Liabilities Outstanding liabilities of BRI as of 31 December 2010 increased by 26.33 trillion.84% compared to the position in December 2009 of Rp4.44% from Rp50.12 trillion. BRI managed to increase its third party funds significantly from Rp255. . This significant increase is a testament to the success of marketing strategy. In 2010.30 trillion. Current Liabilities Current liabilities are BRI’s liabilities to other party which has to be paid immediately in accordance with prevailing trust agreement. tax payment deposits.37% with a ratio of low to high cost fund mix at the level of 61% : 39%.09 trillion in December 2009 to Rp77.094 77.65 trillion or up 30. ATM and credit card deposits. savings contributed 37. savings and time deposits including sharia products such as Wadiah Current Account.

41 billion from the previous year which was Rp4. This increase is partly due to increased production service (bonus) reserves.61 trillion as of 31 December 2009. Compared to the year 2009. This item consists a loans from Bank Indonesia (liquidity loans and loans for fixed asset investments.95%. These item are used for inter-bank transaction for operation and liquidity management purposes.97% from the previous year which was at Rp8. 87 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . 13% for general reserves and 3% for the Partnership Program and Community Development (Program Kemitraan dan Program Bina Lingkungan/PKBL) and the remaining 54% to strengthen BRI’s capital. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Borrowings Borrowings among others are used to finance the general activities of BRI and trade finance needs. BRI Subordinated-debts consist of Rupiah Subordinated-Debt II amounted to Rp2 trillion and other subordinated loans amounted to Rp155. along with the increasing number of human resources at BRI.54% from Rp27. time deposits. Decreasing loans received was mainly due to decrease in banker’s acceptance banker’s acceptance loans and because of maturity of bilateral loans used to finance general activities of BRI and the need for trade finance.24 billion due to bought back of Rupiah Subordinated Debt I amounting to Rp500 billion on 9 January 2010 and also because of installment payments of Two Step Loans during the year 2010. On 31 December 2010. savings.83 trillion as of 31 December 2009 to Rp27.12 trillion as of 31 December 2010 due to a reduction in dividend pay out ratio for fiscal year 2009 to 30%.16 trillion compared to the position of Rp13. CORPORATE SOCIAL RESPONSIBILITY Subordinated Debt On 31 December 2010. an increase of Rp710.FOREWORD COMPANY PROFILE Deposits from other banks and institutions Deposits from other banks and institutions consist of demand deposits.14 trillion. subordinated loans decreased by Rp522. Other Liabilities These liabilities include derivative and acceptation liabilities. In detail. Total loans received as of 31 December 2010 was at Rp9. other liabilities was recorded at Rp7. It has listed on the IDX on 22 December 2009 with a period of 5 years and fixed interest of 10. Deposits outstanding from other banks and institutions in 2010 was Rp5.45 trillion. to be utilized entirely for credit expansion in accordance with prudential principles. interbank call money or deposit on call. distribution of net profit for fiscal year 2009 which was carried out in 2010 is 30% for dividend payments. loans from the government.26 trillion in December 2009 to Rp36. CORPORATE GOVERNANCE Equity BRI’s Total Equity improved by 34. The rise was primarily due to an increase in retained earnings from Rp17. the issuance will all be treated as supplementary capital (tier II capital) in accordance with Bank Indonesia regulation.92 trillion.7 trillion in December 2010. an increase of 53.16 trillion.21 billion. bilateral loans and other loans). a decrease of Rp4.46 trillion. Net proceeds from ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

77 trillion. cash outflow were derived from interest payments. used to repay loans received was Rp4. investment returns.30 trillion. each amounting to Rp27. net cash flows from operations amounted to Rp20.16 trillion and for disribution of profit for dividends for the PKBL was Rp2.27 trillion.45 trillion and the increase in total loans granted.67 trillion in 2009. net cash flow used for investing activities amounted to Rp637. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 88 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Rp21. receivables and sharia financing amounted to Rp47. . Meanwhile.64 trillion.52 trillion.41 trillion. During 2010. sharia and other financing expenses amounted to Rp12.38 trillion.93 trillion. Meanwhile in 2009.01 trillion.192) (7. The cash flows were generated from interest income.37 trillion. respectively. up 45. savings and time deposits. Cash outflows for operating activities was derived from interest payments.53 trillion and Rp28.80 trillion. Cash Flow from Financing Activities During 2010.19 trillion was used to acquire fixed assets.25 trillion and the subordinated debt proceed amounting Rp1. and sharia financing and receivables was at Rp44.57% from Rp81.774 (637) 9. net cash flows generated from financing activities in 2009 was Rp9. provisions and commissions. Cash Flows from Investing Activities Net cash flow used in investing activities in 2010 amounted to Rp2.89 trillion.07 trillion. CASH FLOW Net Cash Generated from Operating Activities Net Cash Used For Investing Activities Net cash from/(used for) Financing Activities 2009 2010 MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS In 2009. cash outflow for financing activities is for distribution of profit & PKBL of Rp2.40 billion used for fixed asset investment and the addition of securities and governmeny bonds. other operating expenses of Rp17. consist of Rp2. sharia expenses and other financing amounting to Rp11. other operational expenses Rp25.97 trillion.068) CORPORATE GOVERNANCE Cash Flows from Operating Activities Net cash flow from operating activities was Rp1.25 trillion and increased on BRI operating assets such as placement with Bank Indonesia and other banks amounting to Rp816. (Rp Trillion) 20. Net cash flows was also derived from the increase in operating liabilities of BRI and BRISyariah namely the increase of demand deposits.19 trillion in net cash expenditures for investment activities and net cash used for funding activities of to Rp7.71 billion. BRI recorded additional cash from operating activities amounted to Rp46. Meanwhile in 2009.07 trillion. derived from fund borrowing amounting Rp10.28 trillion.518 (2. net cash flow being used for financing activities was Rp7.72 trillion.COMPANY PROFILE FOREWORD Cash Flow Information Total cash and cash equivalents at the end of 2010 amounted to Rp118. as well as sharia income of Rp46.376 46.

Violations on Legal Lending Limit i. Capital Adequacy Ratio (CAR) Non performing earning assets and non performing non earning assets to total earning assets and total non earning assets Non Performing earning assets to total earning assets Impairment Loss Reserve of financial assets to earning assets NPL gross NPL net Return on Assets (ROA) Return on Equity (ROE) Net Interest Margin (NIM) Operating Expenses to Operating Income Loan to Deposit Ratio (LDR) a.60% in 2010.77% 70.86% 75.00% 0.20%.00% 4.19% 2.00% 5. 89 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS .14% 77. The increase is due to BRI’s prudent policy in capital and management policy in expanding loans with a lower risk weighting. market risk and operational risks into account.00% 0. i.76% 2.73% 35.64% 43. ii. While CAR for credit.76%.00% 0.52% 1.00% 0. a.78% 0.58% 2.08% 3.29% 3. 10/15/PBI/2008 dated 24 September 2008.00% 0. ii.90% 1. Banks are required to calculate Capital Adequacy Ratio (CAR) taking credit risk. market and operational risks in December 2010 stood at 13. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 3.22% 0.66% 80. b.88% 13. an increase over the previous year which was 13.45% 13.17% 2009 2010 MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE Compliance Excess of Legal Lending Limit CORPORATE SOCIAL RESPONSIBILITY Statutory Reserves Rupiah Foreign Exchange Net Open Position (NOP) as a whole Capital Adequacy According to Bank Indonesia Regulation No.68% 4.05% 1.83% 10.00% 8.74% 4.59% 2.00% 5.24% 4. b.22% 9.FOREWORD COMPANY PROFILE Financial Ratio Related with the Transparency DESCRIPTION Performance Ratio 1 2 3 4 5 6 7 8 9 10 11 1.20% 2.00% 0. 2. Related party Unrelated party Related party Unrelated party 0. BRI’s CAR for credit and market risks was 15.

COMPANY PROFILE FOREWORD Capital Adequacy Position This table shows BRI capital adequacy position in the periods of 2006-2010 DESCRIPTION Core Capital Supplementary Capital Placement/Investment Total Available Capital Total Risk Weighted Assets of credit and market Total Risk Weighted Assets of credit and operations Total Risk Weighted Assets of credit.83% in 2010.20% 2010 27. market.581 2009 20. BRI must maintain an overall maximum NOP of 20% of the capital. Both ratios were still above the industry average. On 1 July 2010. and operational risk 18.945 553 19. . transparently and accountably. 5/13/PBI/2003 on Net Open Position of commercial bank. BRI net open position ratio in 2010 was 4. a performance to be proud of.22% in 2009 to 43. and reflected banking intermediation function that is really done professionally.188 145.86%.261 2007 15.45% lower than net open position ratio in 2009 of 5.819 209 17.22%.881 70 14.18% MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS 2006 13.796 1. 12/10/PBI/2010 on the Third Amendment of Bank Indonesia Regulation No. the Net Open Position (NOP) as a whole represents the totaling of absolute value of net assets and liabilities and net administrative accounts assets and liabilities of each foreign currency expressed in Rupiah currency. In December 2010 BRI Rupiah reserves position was 8.76% CORPORATE GOVERNANCE Return on Equity Return on equity is a reflection of return to shareholders which increased from 35.014 230.64% in December 2010.068 13. Bank Indonesia issued a regulation No.82% 15.60% and 2. By 31 December 2010.05% and foreign exchange reserve position was 1%.85% 13. SUBSIDIARIES Net Open Position In accordance with Bank Indonesia regulations.711 2008 Rp billion 17.993 22. most important financial ratios presented in the table above have indicated BRI’s strong base or strong financial fundamentals.059 107. Under the regulation. and other prevailing rules and regulations.316 229. and operationas CAR for credit and market risk CAR for credit and operational risk CAR for credit. FINANCIAL STATEMENTS BRI 2011 90 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.104 1. BRI fulfilled all statutory ratio in accordance with Bank Indonesia regulation.84% 13.846 1.839 173.915 79.711 203. Return on assets before tax increased from 3. CORPORATE SOCIAL RESPONSIBILITY Statutory Reserves Based on Bank Indonesia policy. which in 2009 and 2010 was recorded respectively at 2.673 4. Additionally.73% in December 2009 to 4.448 1. market.60% 13.037 31. Bank BRI is required to maintain rupiah Minimum Reserve Requirement and foreign currency Reserves Requirement.447 15.

816. Expanding network of branch offices and units (30%).78 2.63 3.18 173.00 30. For Fiscal Year 2009.00 50. This shows that on year to year basis.82 132. the amount of dividend pay out ratio paid by BRI has decreased.61 1. BRI can be more expansive in developing its business.633 3.128. semester I profit was converted into capital Note: On 30 December 2010.958 7.34 168. there was no financial information recorded in regard to infrequent and extraordinary events. research and development. Funding the growth.19 trillion or Rp132. BRI distributed dividends for the first time amounted to Rp990.00 50.93 156.19 per share with a dividend pay out ratio of 75. Dividend Year 2003 2004 2005 2006 2007 2008 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Net Profit (Rp Billion) 2.63 3. all proceeds from the IPO have been utilized as planned use of funds with the following details: Budget Actual Use of Budget Rp billion 1 2 3 Upgrading information reporting system and implementing core banking system (60%).27 147.608 4.192.257 4. loans granted and other financing (10%). CORPORATE SOCIAL RESPONSIBILITY Information on Investment/Divestment BRI has made additional capital placement of Rp500 billion to BRI Syariah (Subsidiary) to support its business expansion in September 2010.00 35.93 per share.00 50. On 23 July 2004.08 Dividend Payment Ratio (%) 75.00 2.982 100% 100% No Planned Use Achievement SUBSIDIARIES BRI 2011 100% 100% ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.47 billion or Rp84.00 Payment Date 23 July 2004 5 July 2005 10 July 2006 02 July 2007 7 July 2008 3 July 2009 1 July 2010 CORPORATE GOVERNANCE *from net profit of semester II (1 Juliy 2003 .01%.19 152. 91 FINANCIAL STATEMENTS .21 441. With the growing decline in dividend pay out ratio to be paid.31 December 2003) of Rp1.419.838 5. BRI has paid interim dividends of fiscal year 2010 amounted to Rp45.904.579 3. Use of the Proceeds from Initial Public Offering (IPO) Until the end of December 2009.48 Dividend per Share (Rp) 84. Significant Events In 2010.47 1.21 441.085.29 2.308 Dividend (Rp billion) 990. TOTAL 883.27 147. BRI has paid out dividends amounted to Rp2.43 2.FOREWORD Other Financial Information Dividend Payment Policy The amount of dividends paid each year is decided by the General Meeting of Shareholders of BRI.982 883.04 196.08 per share on 1 July 2010 with a dividend pay out ratio of 30%.32 trillion.01 50.

with a term of 5 years and fixed interest rate of 10. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 92 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Marketing communication for each products and services was performed to enhance corporate image and brand awareness such as lottery programs Untung Beliung Britama (BritAma Wind of Fortune) and Pesta Rakyat Simpedes (Simpedes Folks Festival).such as opening new outlets. BI has projected loan growth to reach 24% in 2011. the nominal loans growth of BRI of has exceeded the issuance amount of Bank BRI II Subordinated Bonds of 2009 Rp3.95%.168. In accordance with the Prospectus on Rupiah Subordinated-Debt II issuance. CORPORATE SOCIAL RESPONSIBILITY Marketing Aspect To continue increasing its market share. GDP growth of Indonesia had reached 6.691.741.00 and when compared with the achievement of loan disbursements as of December 2009. This is based on data as of 31 March 2010. Page 109.MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS COMPANY PROFILE FOREWORD Use of Rupiah Subordinated-Debt II Issuance Funds On 22 December 2009. BRI has issued BRI Rupiah Subordinated-Debts II amounted to Rp2 trillion. adding human resources in the marketing field through recruitment of account officers.Marketing Communication. where BRI’s total lending has reached Rp208. given the BRI business model that focuses on SME financing is closely related to the national economic growth. foreign exchange reserves also showed positive trends.51. . funding officers. the proceeds from the issuance will be treated as supplementary capital in accordance with Bank Indonesia regulation to be utilized entirely for loans expansion based on prudential principles. and improving the quality of products and services. exchange rate.268.123.874. A more complete description of marketing communication can be seen in the Chapter on Business Review section Consumer Business . BRI has made various efforts such as making infrastructure available . BRI has used all funds of BRI Rupiah Subordinated-Debts in 2009 for loans expansion. These developments generally reflect the improving outlook of BRI’s business prospects in the future.1% and is projected to continue to strengthen in 2011. CORPORATE GOVERNANCE Business Prospect In line with the global economic recovery. BRI Unit staff.354. Other macroeconomic indicators such as inflation.650.

999.667.290.000 CORPORATE GOVERNANCE Information Republic of Indonesia Shares of Series A Dwiwarna Shares of Series B Public Shares of Series B Shares in Portfolio Total CORPORATE SOCIAL RESPONSIBILITY The objective of a stock split is to improve stock liquidity and expand the ownership and distribution of company stock in the Indonesia Stock Exchange ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.832.000 After Stock Split Total 14.162.000.999.000.500.000 8.500.709.000.000 15.000 35.000 60. on 11 January 2011.290. BRI has implemented a stock split with a ratio of 1:2 so that 1 share originally worth Rp500 per share was split into 2 shares with a nominal value of Rp250 per each share.000. so that total shares issued and fully paid by BRI are: Before Stock Split Total 7.334.500.832.499.000.290.000 17.419.000 8.999 10.669.000 Amount 3.000.000.290.838.669.709.500.750 2.162.999.000 Amount 3.500.000.999.000.581.000 2.500.000.667.000.500.000 1 13.000 2.000 15.499.664.999.667.000 250 3.999.330.500. This stock split does not result in a change in value of shares issued and fully paid by BRI.000 30. 93 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS .999.000.000 10.999 5.FOREWORD COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Events after the Date of Financial Report Stock Split Following the mandate of BRI’s shareholders at the Extraordinary General Meeting of Shareholders on 24 November 2010.000.999.000.581.500 2.000 500 3.000.000.334.000 5.667.000.000.000 1 6.

023 shares of PT Bank Agroniaga Tbk. (Bank Agro) or 88. if the whole process of shares acquisition in Bank Agro has been completed. the reassignment of Bank Agro shares related to the implementation of tender offer and the fulfillment of minimum public shareholding.023 shares was determined by considering the implementation of Warrant Series I.MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS COMPANY PROFILE FOREWORD Bank Agro Acquisition On 3 March 2011 the Deed of Acquisition was signed by BRI and Plantation Pension Fund (Dapenbun) over 3.030. BRI has effectively become the Controlling Shareholder of Bank Agro.239.239.030. Commencing on 3 March 2011. The signing of this deed of acquisition was a continuation of the signing of the Sale and Purchase Agreement of Bank Agro shares between BRI and Dapenbun which was held on 19 August 2010 and a follow up of the decision by the shareholders of BRI at the EGM on 24 November 2010. This was to comply with the provisions of Government Regulation No. So that. BRI will at least own 76%. . 38 dated 29 December 2009 signed before Notary Rusnaldy. Bank Indonesia has approved the acquisition process by way of Bank Indonesia’s letter dated 16 February 2011. SH in Jakarta with the price of Rp109 per share. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE 94 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.65% from total shares issued and fully paid in accordance with the Deed of Meeting Minutes of Bank Agro No. 57 of 2010 regarding Merger/Consolidation of Business Entities and Acquisition of Company Shares which may Result in Monopolistic Practices and Unfair Business Competition and KPPU has recommended that the action of this acquisition shall not create a monopoly in the banking industry. BRI has also made a pre-notification to the Commission for the Supervision of Business Competition (Komisi Persaingan Pengawas Usaha/KPPU) on 3 October 2010. Bank Agro stock purchase of 3. Dapenbun 14% and public will own 10%.

This is a proof of BRI commitment in the development of agriculture sector in the broad sense.2. and financing will be focused on the segment of Small and Medium Enterprises (SME) especially the agribusiness sector. which in turn will strengthen BRI’s position in the MSME segment in particular the agriculture economic sector. Bank Agro post-acquisition development cannot be separated from the development of BRI as a whole In the implementation of this acquisition. Bapepam-LK Regulation No. IX. It is expected that after the acquisition of Bank Agro. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 95 CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS .H. BRI will conduct Tender Offer for Bank Agro shares owned by public shareholders who are entitled.1. BRI believes that the acquisition of Bank Agro can create synergies that lead to increased shareholder value.F.FOREWORD COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Given the agribusiness sector have a very large growth potential in Indonesia. there will be more efforts on providing banking products and services to all levels of society. IX. Bank Agro business focus in the agribusiness sector and support of Bank Agro stakeholders is expected to accelerate the penetration of BRI to the agribusiness sector.1 and Bapepam-LK Regulation No.F. Takeover of Bank Agro is intended to strengthen the position of BRI in the agribusiness sector. In order to comply with Bapepam-LK Regulation No. IX. BRI has followed all provisions contained in the prevailing laws and regulations. BRI as the controlling shareholder will direct Bank Agro into a leading commercial bank that focuses on the agricultural sector in supporting the development of agribusiness in Indonesia.

The commitment is materialized by channeling most of its loan portfolio to MSMEs while maintaining a maximum 20% to corporate segment. a reputation that is widely acknowledged in the international level. BRI is authorized by the Government as one of the banks responsible for Program Loan distribution. BRI makes a constant effort to maintain its position as the market leader in micro business. . In order to maintain this strong position. Besides focusing on the development of Micro. and medium enterprise (MSMEs) as the focus of its business. printad. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS COMPANY PROFILE 96 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. and this number will continue to increase and spread all over Indonesia. BRI had been committed to develop micro. BRI continuously develops and innovates the products in micro business sector and expands its network by opening new working units of BRI Unit and Teras BRI that is supported further with the establishment of Teras BRI Keliling (Mobile Sub-Micro Outlet). advertorials. which is supported by an extensive network. the fee-based income revenues also shows significant increase. As an effort to meet customers needs and demands. Besides developing the product features. SubBranch Offices. Small and Medium Enterprise businesses. A mass campaign using different communication channels were also initiated and it includes fliers. BRI will earn interest income and fee-based income and BRI can serve as an incubator to transform program loan borrowers into commercial loan borrowers. display ad. As for small and medium enterprises financing are served by Regional Offices. BRI believes that by participating in Government loans scheme will provide benefits such as: first. These initiatives were aimed at improving customers and prospective client's awareness towards BRI's products and services. small commercial and medium loans as well as savings like Simpedes and BritAma. BRI develops its products and features for SMEs based on customer needs.FOREWORD Business Review Micro Small and Medium Enterprise Business BISNIS MIKRO. Briguna Loan. This appointment is based on the experience and the ability of BRI in distributing the loans to micro and small businesses. so that the quality of the products is maintained. BRI business strategy at MSME segment is implemented through continuous expansion of its service throughout the outlying parts of country while increasing availability of service in the highly populated areas to better serve grass-root customers. and Cash Outlets at the heart of economic activities all over the country to provide easy access of banking services to small and medium business players. through its program loan. small and medium enterprises (MSMEs) and for customers with fixed income are channeled. x-banners. Branch Offices. This segment is proven for its resistance against crisis or global economic turmoils compared with the other segment. The business is optimized and developed through micro financing using its vast network of 4. Micro is a segment that underpins Indonesia’s economy. KECIL DAN MENENGAH Since the beginning of its inception. as more and more loan for micro. Aiming at improving brand awareness in small and medium segments.649 BRI Units and 617 Teras BRI. and expomatic events. BRI also monitors and evaluates the existing products of excellence including loans like Kupedes. This is one of the reasons why BRI continue to take micro segment as one of its core businesses. For example. small. BRI actively organize business gathering with several business associations and business communities. BRI also regularly acquire new customers through various events and exhibitions. It is with this micro segment that BRI is expected to continue playing its active role in supporting national economy despite global economic crisis that shows no sign of receding. and Sub-Branch Offices. BRI adds more Branch Offices. MSMEs business is chosen not only because of considering the revenue that comes from the loans interest but also considering the potential of fee-based income that will be received from BRI’s products and services. program loan. In order to remain competitive and ahead of the competition.

97 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . petrol station loan. Kupedes disbursement increased by 39. Up to 2010.08 trillion in 2009 to Rp75.3 millions in 2009 and 3. In order to meet customers's needs.6 millions in 2010.28 47.41 trillions in 2009 with borrowers amounting to 2.FOREWORD COMPANY PROFILE Products and Performance of MSMEs Loan Products Micro Loan BRI offers micro loans in the form of Kupedes and Micro People's Business Loan (Kredit Usaha Rakyat/KUR). warehouse mortgage loans.25 54.37 32. in particular to vendors (contractors. Improvements and developments of the product features of Kupedes are continuously been carried out to meet customers's needs. and loan for the construction of BTS (Base Transceiver Station). warehouse receipt loan. Kupedes for group-bound individuals. Kupedes is divided into working capital loan. other alternative loan products that suit the needs and characteristics of customers are franchise loan. etc.08 ‘06 ‘07 ‘08 ‘09 ‘10 KUR Mikro is a commercial loan given to micro enterprises and cooperatives which have feasible businesses but are limited in meeting the bank requirements or unbankable.41 16. and working capital loan financing based on bills receivable (invoices).37 trillion in 2010. employees of state-owned enterprises (SOE). Kupedes is BRI’s micro loan with the loan ceiling of up to Rp 100 millions and it is provided by BRI Units and Teras BRI.23 trillions or has grown 72. As for Construction Loan.23 CORPORATE GOVERNANCE Kupedes In trillion Rupiah CAGR: 29. the total of KUR Mikro BRI disbursement has reached Rp 16. working capital loan with the source of repayment from the state budget. in 2010 BRI has developed loan schemes. Currently. loan for warehouse ownership in business estate. employees of local enterprises and employees of leading private companies. Kupedes with gold collateral. investment loan.6 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.02% CORPORATE SOCIAL RESPONSIBILITY 27. and construction working capital loan as well as partnership loan. religious pilgrimage loan (PIHK). MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Total Micro KUR Disbursement In trillion Rupiah 6. buying vehicle. and other purposes.53 ‘08 ‘09 ‘10 Small Commercial Loan Small commercial loan products marketed by BRI are designed for small business entrepreneurs in all sectors. sub-contractors and suppliers).38% from Rp54. PPTKIS loan (for Indonesian migrant workers). 75. and Kupedes for multipurposes such as building or renovating houses. members of the police and army. express loan. 9. cash collateral loan. there are several types of loan alternatives for construction business – construction working capital loan designed for general contractor and developer. among others granting loan to civil servants. and includes daily installment. Kupedes features have been developed to follow the market's demands. Other than investment loan and working capital loan.48% of Rp 9.

97 2009 Des 2010 Growth (yoy) 54. 2006 2007 2008 (Rp trillion) 24.04% CORPORATE GOVERNANCE Outstanding Briguna Program Loan BRI Program Loan is divided into Commercial Program Loan.72 2009 Des 2010 Growth (yoy) 67.COMPANY PROFILE FOREWORD Small Commercial Loan increased by Rp 57.08% SUBSIDIARIES Outstanding KUR During 2010. FINANCIAL STATEMENTS BRI 2011 98 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.76% MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Outstanding Small Commercial Loan Salary Based Loan (Briguna) Briguna Loan is a loan specially created to meet consumptive financing needs of civil servants or pensioners having fixed income. Subsidized Program Loan. representing an increase of 23.87 5.04% during 2010. actual cummulative of KUR was increased by 67. Briguna Loan keeps increasing due to both acquisition and increased loan ceiling in line with the salary increase. Commercial Program Loan is for feasible debtors of micro & small businesses as well as cooperatives that are not able to get a financing scheme of subsidized program loan or commercial loan (unbankable).13% from Rp13.12 54. One of the Commercial Program Loan products is the People Based Small-Business Loan (Kredit Usaha Rakyat/KUR) which has grown rapidly since its first launching in November 2007. Consolidation in small commercial loan segment in 2010 has slowed down the loan growth.58 13.59 22.42 30. and Channeling Loan. actual outstanding KUR was increased by 54. 2006 2007 0.82 trillion in 2009 to Rp8.09 trillions.85 2009 2010 Growth (yoy) 5.59 2008 (Rp trillion) 23.70 57.09 2009 2010 Growth (yoy) 23. so that BRI provides only administrative service without credit risks.97 trillion in 2010.85 trillions in 2010 or grew by 5.99 31. 2006 15.76% compared to that in 2009.82 8. Commercial program loan and subsidized program loan are recorded on-balance sheet.08% from Rp5.72 trillion in 2010.60 trillion in 2009 to Rp22.06 2007 17.24 2008 (Rp trillion) 6.77 39. . Total Disbursement KUR 2006 2007 0.28 2008 (Rp trillion) 9.13% CORPORATE SOCIAL RESPONSIBILITY During 2010. Total distribution of Briguna Loan reached Rp39.85 42. while channeling loan is recorded off-balance sheet.

53 (Rp trillion) Growth (yoy) 26.34 trillions in 2006 to Rp76. KKP-E Agricultural Equipment and Machinery and KKP-E Fisheries KKP-E distribution is done through farmers' groups. BRI is still the market leader in the distribution of KKP-E with a market share of 56% of the total outstanding KKP-E in Indonesia.26 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.97 55. This large number of customers also provides significant fee-based income for BRI.FOREWORD COMPANY PROFILE Subsidized program loan is aimed at supporting government programs in food security.39 ‘06 ‘07 ‘08 ‘09 ‘10 In order to improve service to customers. 76.14 64.76% per year (CAGR). which includes fisheries. Simpedes Savings has a vital position for micro businesses. and Hajj Saving. including BRI Units and BRI Teras. BRI Unit and Teras BRI are able to collect more funds from the community through various BRI's saving products such as Time Deposit.21 trillion in the previous year.58% In 2010.76% CORPORATE SOCIAL RESPONSIBILITY 38.Plantation Revitalization Loan (Kredit Pengembangan Energi Nabati dan Revitalisasi Perkebunan/KPEN-RP) of non-partnership scheme.58% to Rp 1.26 trillions in 2010. BRI is continuously developing and innovating Simpedes Savings product. Giro. BRI applies realtime online system in all working units. KKP-E Animal Husbandry. Simpedes Savings has been recognized worldwide as a pioneer of saving in the microfinance sector. The program loans included in this category are Food and Energy Security Loan (Kredit Ketahanan Pangan dan Energi/KKP-E) and Bio-Energy Development . Over the last five years. KKP-E Food Crops Development. one of which is through distributing Simpedes cards to all Simpedes Savings account holders so that the customers can enjoy e-banking services conducted by BRI. cultivators. Simpedes In trillion Rupiah CAGR: 18. the number of Simpedes account holders has reached over 22 million customers. With this real-time online system. because it serves as the main source of funds for Kupedes disbursement. CORPORATE GOVERNANCE Third Party Fund Product Simpedes The primary saving product BRI has for micro segment is Simpedes Savings. Saving. 99 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS .21 2010 1. the KKP-E increased by 26. from Rp 38. Up to 2010. KKP-E Scheme consists of the KKP-E People's Sugarcane.58 2008 0. KKP-E Food Procurement.34 45. or fishermen. so that it can serve more banking products and services.35 trillion from Rp 1.90 2009 1. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Outstanding KKP-E 2007 0. bioenergy development and plantation recovery programs. Up to 2010. KKP-E Horticulture Crops Development. Simpedes grew at an average of 18. The main target market of this product is the middle-lower class in rural and sub-urban areas.

RUFIP (Rural Finance Intermediation Program) Ethiopia. central bankers. World Bank Workshop on Access to Finance (Indonesia). World Savings Bank Conference (Indonesia). Postal Savings Bank of China (PSBC). academicians. They VVIP consisting of policy makers. MIC which was known as the International Visitor Program (IVP) has got a full support internationally in the form of grants from USAID and the World Bank / CGAP (Consultative Group to Assist the Poor). Products In terms of lending. BRI will innovate in developing Simpedes product and features to become more competitive in the market such as Business Simpedes and Dream Simpedes. In addition to the Microfinance Training and Study Visit (MTSV) through BRI's IVP program. Banking With The Poor (BWTP). APEC. and others. and SECOSBV Bank Restructuring Workshop (Vietnam). BRI has conducted Simpedes Folks Festival. commercial bankers. Microfinance Network 17th Annual Conference (Mexico). In 2010. To support the marketing of Simpedes. BRI through MIC participated in The Second Financial Inclusion Advisors Program (Malaysia). etc. Kupedes and KUR Mikro. Financial Inclusion Advisor Program (Uganda). Yale University.COMPANY PROFILE FOREWORD Microfinance International Cooperation BRI's success in developing commercial microfinance has obtained numerous awards and international recognitions. such as Kupedes with Gold Collateral. Through the MIC. This event is both an appreciation from BRI to loyal Kupedes borrowers and Simpedes customers and also one of the activities of BRI Corporate Social Responsibility (CSR). Microfinance Network (MFN). National Bank of Ethiopia. In terms of savings. donor agencies. PKSF (Palli Karma Sahayak Foundation) Bangladesh.000 VVIPs (Very Very Important Person) from 55 countries paid their visits to BRI in the form of study visits and trainings on microfinancing to date. BRI will cooperate with other government and private institutions. BRI Care for traditional market and Simpedes Monthly Harvest Program. at least 185 VVIP from 23 overseas institutions have participated in the IVP activity conducted by BRI MIC. business captures. Ford Foundation. Therefore. 57th APRACA Executive Committee Meeting (Thailand). BRI was also appointed by APRACA as one of APRACA Centers of Excellence (ACEs) mainly in retail and unit banking (microfinance). 27th ASEAN UMKM Working Group Meeting (Indonesia). ADB Consultant. The establishment of BRI MIC (Microfinance International Cooperation) is a form of BRI's global corporate social responsibilities to develop microfinance in the world. micro loan products and features will be developed to be more competitive and in line with market needs. In 2010. and technical assistance in the field of microfinance. Therefore. Nigerian Investment Promotion Commission. In 2010. MIC function for BRI all this time is not only as public relations in microfinance. AMRET Cambodia. ACSI (Amhara Credit and Savings Institution) Ethiopia. Woman World Banking. Microcredit Summit. Those institutions include among others Churchill Foundation. BRI MIC will continue to expand its activities by providing consultancy services in the field of microfinance to those in need. 16th WSBI Asia Pacific Group Meeting (Indonesia). and practitioners of microfinance. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE Development Plan Human Resources The quantity and quality enhancement of professional and reliable human resources will be conducted to support the growth of micro business that focuses on the development of product features in accordance with the potential market opportunities and network optimization services of BRI and its existing terrace. . but also as organizer of Microfinance Training and Study Visist (MSTV). BRI has established cooperation with the Asia-Pacific Rural and Agricultural Credit Association (APRACA). To further promote the expansion of Kupedes. CORPORATE SOCIAL RESPONSIBILITY Marketing The BRI Eid Mubarak Homecoming Program for Kupedes and Simpedes customers as an marketing activity is held annually. There have been more than 6. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 100 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. and Kupedes with Group Binding. Kupedes with daily installment. some of the participants also asked for technical assistance and consultancy services from BRI. since the beginning of its existence.

Bank BRI with the credo “Serving you with Passion”. a silver jewelry maker of Metro Silver ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY “As a personal customer of BRI. 101 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS .. the management sets a rewards program called BRI Unit Award Program. I would thank Bank BRI for all their help to promote my business by inviting me to participate in an exhibition abroad. It really motivates me to make a further improvement in this global era.” I Kadek Septariana. Keep on growing Bank BRI. thank you. This reward program is arranged in such a way that the granting of rewards will be comprehensive and able to accommodate various categories. I already feel that Bank BRI has served me with a passion.. so that business and operational activities of BRI Units can be well developed and sustained.FOREWORD COMPANY PROFILE In order to support various marketing programs above and motivate every employee of micro businesses to excel and provide the best work for BRI.

599 0. Britama Saving reached Rp 47.27 . The purpose of this savings is to introduce the early banking habit to children and to encourage them to save their money. time deposits. BritAma Wind of Fortune Lucky Draw (Untung Beliung BritAma/UBB) UBB is a program of customer retention / loyalty and acquisition of Britama Savings as a fund-collection strategy as well as increasing the balance of Britama Savings. Tweety and Tom and Jerry. This innovation is able to meet the banking needs of urban communities. accounts sweep) and they are also included in Britama Wind of Fortune lucky draw (Untung Beliung BritAma/UBB) . an increase of 22. free personal accident insurance facility. multipurpose loans and credit cards.63% Hajj Saving In billion Rupiah CAGR: 38. motor vehicle loans. BRI has won Consumer Banking Excellence Award in 2 categories for deposit products. Withdrawal frequency is not limited as long as it is consistent with the terms and conditions. on-line BRI transactions. priority banking services.60 38.COMPANY PROFILE FOREWORD Consumer Business BISNIS KONSUMER BRI continues to make innovation in consumer banking products and services which are creative and up to date. In 2010. CORPORATE SOCIAL RESPONSIBILITY Hajj Saving Hajj Saving is a special saving account for customers who intend to go Hajj Pilgrimage.94% compared to that in 2009 amounting to Rp 38. With banking products that meet the needs of modern society.50 47. automatic grab fund . automated transaction facility (automatic funds transfer.33 FINANCIAL STATEMENTS ‘06 ‘07 ‘08 ‘09 ‘10 ‘06 ‘07 ‘08 ‘09 ‘10 102 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BritAma account holders receive a BRI Card that can be used for ATM transactions and shopping around the world as well as facilitating access to e-banking transactions. pictured with kids idol cartoon characters like Superman. CORPORATE GOVERNANCE BritAma Saving BritAma saving is a product of excellence to capture thirdparty funds market in urban areas that requires the ease and convenience of banking transactions. BritAma-Junio's customers will get personal-accident-insurance facility and will be included in UBB program. housing loans. This UBB program has been done for 5 periods since 2007 and has been successful in increasing public awareness of BritAma saving product.000 BRI working units all over Indonesia. Various advantages offered by this product is including online deposit at BRI working unit which are connected directly (host to host) SUBSIDIARIES BritAma Saving In trillion Rupiah CAGR: 25. electronic banking. 1. namely category of Best Savings Account and Most Creative Consumer Banking Assets With Up To 50 Trillion Rupiah in a survey conducted by SWA magazine and Synovate in 2010. BritAma Junio is very interesting product because the customer is given BRI Card Private Label Limited Edition.45 trillion. In addition. current accounts. such as: savings.00 24. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS BritAma Junio Saving BritAma Junio is saving for children aged 17 and under as its specific target market. but along with the increasing demand for BritAma Junio. BRI is able to raise low-cost funds and optimize the attainment of fee-based income (FBI) as well as increase the market share of retail savings in terms of both number of accounts and volume of savings.90 30.33 trillion. Britama savings is available in Rupiah and foreign currencies.44 0. customers aged over 17 years also may have this product.91 1. Features offered are among others deposit and withdrawal which can be done on-line at any time at more than 7. This product assists the customers preparing their fund for their pilgrimage purpose (Hajj Pilgrimage Fund and Hajj Plus).06% BRI 2011 19.59 0.

FOREWORD COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS “Thank you BRI for its genuine help. availability in various currencies. Time Deposit (DepoBRI) In trillion Rupiah CAGR: 35.30 56. Rupiah and foreign currencies.36 SUBSIDIARIES 101. The term offered by this product ranges from 1 to 24 months.54% compared to 2009 which amounted to Rp101.14 73.36 trillions. increasing 54.37 trillion.54 BRI 2011 ‘06 ‘07 ‘08 ‘09 ‘10 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. with the withdrawal facility which can be done at a certain term depending on the agreement.09% Demand Deposit (GiroBRI) GiroBRI is aimed at collecting low-cost funds from the community. Hopefully it can create a goodwill both of us in the world and the hereafter.80% compared to that in 2009 amounting to Rp1. and the provision of souvenirs when customers make repayment of pilgrimage cost.59 trillion.37 130.09 trillions in 2009. increasing 28.16 39. low-cost funds successfully collected through the Giro BRI reached Rp77. CORPORATE SOCIAL RESPONSIBILITY 27. administration fee. DepoBRI position in 2010 was recorded at Rp130.86 37.30 trillion. ability to be withdrawn at all BRI working units and to be used as cash collateral.09 ‘06 ‘07 ‘08 ‘09 ‘10 Time Deposit (DepoBRI) DepoBRI is a time deposit product.” Jefri “UJ” Al Buchori.27 trillion. The superiority of DepoBRI includes among others competitive interest. CORPORATE GOVERNANCE Demand Deposit (GiroBRI) In trillion Rupiah CAGR: 29. 103 FINANCIAL STATEMENTS . an increase of 25. Ustadz (Islamic Teacher) through the application switching with Siskohat Ministry of Religious Affairs. In 2010.30 38. GiroBRI features BRIVA (BRI Virtual Account) facility that simplifies the customer to do the deposit and reporting.81% 77. Hajj Saving reached Rp1. GiroBRI is available in various currencies.44% compared to Rp50. free life and personal accident insurance. Customers can do withdrawals and deposits at any time without nominal limitation. In 2010.92 50.

real time online and the extensive e-channel network with competitive fee transactions. in a customer satisfaction survey conducted by the Care of CCSL & Marketing Magazine. in the multinational and domestic scales. and ATM Bersama. For me. CORPORATE SOCIAL RESPONSIBILITY "I became BRI's customer in 2003 and since then always enjoyed its premium services. In 2010. In addition. BRI has provided a variety of the latest e-banking services including mobile services (eBuzz). The advantages of BRI e-banking product are options of e-channel. BRI Priority Banking BRI Prioritas is priority banking service activities with services provided exclusively to customers among the affluent and high net worth individuals. free meeting rooms. include general banking services. service delivery and money pick-up. all of the privileges which are given to BRI Prioritas's customers consist of among others travel privilege. BRI Prioritas reached a total value of Indonesian Service Satisfaction Index (ISSI) above the average value of most priority banking services industry.000 ATMs nationwide and worldwide. mini ATM. In 2010. lifestyle privilege. and seasonal events. concierge services. special parking lot and 24 hour Call Center service. CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS In 2010. e-money (BRIZZI). BRI Prioritas was awarded Priority Indonesian Service Quality Award for Diamond category. SMS Banking. BRI customers can also conduct banking transactions through CDM. Several activities have been carried out by BRI Prioritas for customers aimed to raise awareness. bankassurance. BRI had 6. financial planning consulting services and investments. business facilities and a private mini-lounge. lifestyle. and retirement planning.085 ATMs that are connected to more than 30. ATM BRI are also connected to International ATM network such as Cirrus and Bankcard. comfort. . In addition. PRIMA. and speed of banking transaction. and other international-scale privileges in cooperation with Premium Debit Mastercard program. heritage. Kiosk. transaction services via telephone. Various types of services are provided to BRI Prioritas customers such as exclusive service of the Priority Banking Officer. BRI is a bank that put the customer's satisfaction as a key to success. mocash mobile debit (mobile cash BRI) and other various additional features/new e-channel services. such as ATM network links. internet and e-banking corners. I hope it will stay that way.COMPANY PROFILE FOREWORD e-Banking BRI provides e-banking facilities for customer deposits so that they can enjoy the convenience. Phone Banking and Internet Banking which can be accessed 24 hour everyday. loyalty and retention with the theme of intellectual. therefore." SUBSIDIARIES Ryaas Rasyid Presidential Advisory Council of the Republic of Indonesia FINANCIAL STATEMENTS BRI 2011 104 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BRI Prioritas has 8 Service Centers and priority lounges scattered in several major cities in Indonesia.

CORPORATE SOCIAL RESPONSIBILITY KPR In trillion Rupiah CAGR: 53. The background is due to the facts that 60% of GDP comes from household consumptions and this shows that potential of consumers loan is can be explored further. competitive interest rate. Since 2008.30% 20 22 40 13 14 ‘08 ‘09 SKK ‘10 POS ‘06 ‘07 ‘08 ‘09 ‘10 Through these strategic steps. which is 20-30%. In 2010.15 3. BRI is very active in promotion through various media and actively involves in numerous exhibitions. the growth of BRI consumer loan is able to reach 53. 105 . entrepreneurs.22% or exceeds the average growth of national bank loan. Outstanding KPR has reached Rp6.FOREWORD COMPANY PROFILE Number of SKK and POS 88 Consumer Loan Outstanding In trillion Rupiah MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CAGR:47. BRI also reorganizes and improves the technology to realize satisfactory service level agreement.79 3.08 4. The real BRI's effort in consumer business is by involving some big developers to distribute Housing Loan and Apartment Ownership Loan. BRI's Cooperation Agreement with more than 300 housing projects all over Indonesia and various facilities offered. BRI has built operational network focusing on consumer loan services through Consumer Loan Centre (Sentra Kredit Konsumer/SKK) and Point of Sales (POS). such as down payment and flexible loan period. In establishing brand image.65 CORPORATE GOVERNANCE Consumer Loan Since 2007. as well as Sole Agent of Brand Holder of motor vehicles to support the distribution of Motor Vehicle Loan. 2.95 6.23 1. The number of SKK & POS is increasing each year in consistence with regions having large potential consumer business. BRI developed an operating network of consumer loan in the cities of 2nd and 3rd tiers. and employees. both at national and international levels.30 9. SKK and POS Development in 2008 and 2009 were focused on 14 cities with the growing potential consumer loan. Housing Loan (Kredit Pemilikan Rumah/KPR) KPR BRI with its various conveniences is expected to meet housing needs of professionals.56% compared to that in 2009. customer's demand has led BRI to penetrate the consumer loan market.23% SUBSIDIARIES BRI 2011 1.59 6.78 trillion up to 2010 or increased by 48. Besides adding consumer loan operational network.05 2. BRI continues to enrich its products with features that meet the needs of its customers. safely guaranteed documents of ownership and other facilities become added values for potential debtors.78 FINANCIAL STATEMENTS ‘06 ‘07 ‘08 ‘09 ‘10 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

45 0. i. as it has great potential.42 0. In an effort to obtain optimum growth.49 trillion or grew by 50. The product is continually developed.59 % over 2009.e. KKB BRI has also reached out to multifinance financial institutions with KKB Kerjasama product.82 1. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS KMG In trillion Rupiah CAGR: 138.20% compared to that in 2009.68 BRI's country-wide network makes it possible for BRI's Consumer Loan to include middle-lower class which is in line with the government's program in terms of housing ownership.71% KKB ‘07 ‘08 ‘09 ‘10 CORPORATE SOCIAL RESPONSIBILITY 0. networking. representing an increase compared to that in 2009. 0. and intends to expand its service coverage to 45 SKK and 100 POS in 2011. Until 2010.47 0. KKB BRI provides features without down payment to combine KKB BRI with time deposit product. In 2010. Besides fulfilling customer's needs. such as long term period of up to 10 years with credit ceiling of up to Rp1 billion. ‘06 ‘07 ‘08 ‘09 ‘10 FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 106 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.99 1. Cooperation program with Sole Agent Brand Holder (Agen Tunggal Pemegang Merk/ATPM) and dealers has enabled KKB BRI to provide the best services. Joint promotion program with ATPM and dealers also improves KKB BRI competitive advantage with its affordable interest rates.38% CORPORATE GOVERNANCE In trillion Rupiah CAGR: 15.47 trillion or increased by 115. The KMG product is very attractive to customers due to the ease and convenience they get from it. BRI continuously finetunes its organization and business process to meet the industrial and consumer demands. Multipurpose Loan (Kredit Multi Guna/KMG) KMG BRI is created to meet the needs of customers who are unable to be fulfilled through KPR and KKB products.35 0.11 0. recorded outstanding of KMG was Rp1. There were 276 Consumer Account Officers (AO) in 2010.COMPANY PROFILE FOREWORD Motor Vehicle Loan (Kredit Kendaraan Bermotor/KKB) KKB BRI meets people’s needs for motor vehicle. Besides individuals. 182 Consumer AO. in 2010 BRI has set up 40 SKK and 88 POS focused on serving consumer loan products. In addition to the product development.49 . and information system technology. The addition of consumer loan marketing officers continues. loan outstanding of KKB has reached Rp 1.

Over the years. having a very low interest rates for the installment. it has advantages such as the card can be used as the identity of the community. BRI Visa Credit Card. Easy Shopping With Installment (Belanja Ringan/BRING) installment facility with mild interest.916 2. BRI Credit Card Holders also acquire several executive lounge facilities at 30 different places throughout Indonesia (applicable to BRI's ‘Gold and Platinum’ credit cards).39 Facing the year 2011. improve the Service Level Agreement (SLA) and intensify the loan expansion both in quantity and quality. Up to 2010.75% 64. 245.464 ‘06 ‘07 ‘08 ‘09 ‘10 BRI Corporate Credit Card is BRI Credit Card developed to provide special service for BRI working partner corporate companies. BRI has also launched BRI Corporate Credit Card. ease of ATM cash withdrawals at BRI ATM or other ATM with MasterCard Worldwide logo all over the world. Sales strategy will be intensified with the use of customer databases.916 BRI credit card holders were recorded with the volume of transaction reaching Rp2. thus allowing BRI Credit Card holder to make transaction in all merchants having MasterCard Worldwide logo throughout the world. In addition to BRI Standard Credit Card. BRI credit card has become one of the iconic products in consumer banking sector. whose use is the same as credit cards in general (individual liabilities).FOREWORD COMPANY PROFILE 0.078 342. BRI Business Credit Card. BRI Gold Credit Card and BRI Platinum Credit Card. third parties (dealers/developers). ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. The goal of using BRI Corporate Credit Card is to enable officials or employees of business partners to manage corporate travel and entertainment expenses properly.298 139. 107 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS .39 trillion. and BRI Hyundai Credit Card.87% MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY BRI Credit Card Holders CAGR: 56.425 389. KKB and KMG co-branded with deposit products enrich product's features and provide a more flexible installment system.59 1. Various product development like KPR. BRI will build several Regional Processing Centers (RPC) to perfect its business processes. walk-in customers as well as implant banking through Home Ownership Program (HOP) and Car Ownership Program (COP) with some large companies. recurring bill payment facility/auto payment facilities for electricity and phone bills payment. as well as shopping catalogs and a newsletters. ‘06 ‘07 ‘08 ‘09 ‘10 BRI Credit Card is affiliated with MasterCard network. 389. While BRI Business Credit Card is intended for businessmen or members of a community. the number of BRI credit card users continue to increase.12 2. Volume Transactions BRI Credit Card In trillion Rupiah CAGR: 92.17 0.07 Credit Card Since its launching in 2006.

in 2010 BRI received Bank with Fastest Credit Card Growth Award from Mastercard. The credit card business development strategy mentioned above is intended to make BRI credit card become a major choice and pride of Indonesian people. .5 trillion. but as one of the mainstay businesses of BRI.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS This product is expected to give positive image to the community and BRI's business partner as the prime service for the community. BRI has developed an acquiring business strategy that aims to increase BRI credit card's acceptance at merchants spread across Indonesia. As a proof. In order to support its credit card penetration strategy at Branch Offices. This business development takes into account the BRI's excellence with numerous working units throughout Indonesia. BRI enters credit card business not only as a complementary business. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE 108 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BRI Credit Card is targeting an increase in the number of credit cards to 600.000 cards in 2011 with distribution in 2nd and 3rd cities all over BRI working areas and with the transaction volume of Rp3.

refined the brand architecture. and loyalty. easy.FOREWORD COMPANY PROFILE MARKETING COMMUNICATION The purpose of Marketing Communication is to provide maximum contribution to the company through brand marketing communication activities of BRI's products and services as well as corporate brand communications (corporate as a brand). BRI Britama Junio Savings. we received the fund within less than a month. without any complicated process. a new product under Tabungan Rencana (Savings Plan) will be launched and it will be bundled with insurance (BritAma Rencana). Ini 2010 BRI conducted several activities such as preparation of brand identity and direction for the credit card product with corporation as the target. and professional process. BritAma Gold (for business). BRI Simpedes Savings.. and praise the Lord. In order to communicate the features and benefits of its products and services. Financial Institution Pension Fund. Current Account with card facility. BRI Prioritas is planning to develop further by developing other privileges and various selling activities based on acquisition. We obtained housing loan (KPR) facility for our dream house. retention. In the deposit. ORI007. BRI Prioritas added its priority banking outlets in the form of BRI Prioritas Service Centers and priority lounges in major cities in Indonesia. and currency additions to BritAma Dollar. In addition. 109 BRI 2011 FINANCIAL STATEMENTS . SUBSIDIARIES Overall. MSME Loan. BRI Prioritas. Bank BRI has become our professional and highly efficient financial back-up partner. performed brand extension for BRI brand products and services as well as the corporate brand and launched communication campaign for new products such as "BRIfast Remittance". artist & model ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. let’s save your money in Bank BRI . BritAma Dollar equipped with ATM. BRI performs the thematic product communication campaign in the form of above the line communications activities (placement of TV-Ad. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY “Our family considers Bank BRI as our financial partner! We can make our dream come true thanks to its fast.!!!” Meisya Siregar. without having to stand in line and it’s Platinum Credit Card having numerous promos. trade finance... In addition. Keep it up. just like a dream come true.and all the best. BRI Hajj Savings. Bank BRI ATM are widespread. brand direction.. to strengthen its network service. addition of features in e-channel and improving cooperation pattern of BRILinks. e-money (BRIZZI) and some other e-banking features. namely "BRI Corporate Card". brand identity. I am proud to be its customer. The activity is aimed at building awareness and image of BRI product and service brands as well as corporate brand. Development Plan Some product developments plans and additional savings features that will be performed include account opening BritAma Joint Account. Print-Ad and Radio-Ad) and below the line (placement of out of home media and pop material) for BRI Britama Savings. business entity current account with ATM/debit.

FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE GOVERNANCE 110 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. plantation.025 trillion in 2010. groups or coalitions of farmers groups. BRI utilizes more than 7. . This is one of the reasons why BRI wants to make micro segment as one of its core businesses. To overcome these challenges. The farmer of oil palm and cacao pay interest rate of 7% and the rest is subsidized by the Government. sugar. and shrimp farming. KPEN-RP is a loan distributed to farmers through cooperatives and the parent company (plasma nucleus scheme) in certain commodities including palm oil. Currently. BRI grants commercial loans to the agribusiness sector including oil palm sector. the applicable interest rate is the rate of Indonesia Deposit Insurance Corporation (Lembaga Penjamin Simpanan/LPS) + 5%. cooperatives.COMPANY PROFILE FOREWORD Commercial Business DIVISI BISNIS KOMERSIAL In developing its Commercial Business. fish meal processing industry.526 trillion of the total ceiling of Rp. and rubber. growing 45. trading. risk-adjusting mechanism and improving the quality of account officers as professional business advisors. and other services related to agribusiness. small and medium enterprise businesses. husbandry. ranging from micro scale (less than Rp100 million) through BRI Unit. Currently. who perform cattle breeding business by obtaining interest subsidies from the Government. rice processing and others. In general.045 trillion from total ceiling of Rp13. This is proven by the increasing amount of loans given to the sector in the last 5 years. BRI is very serious to develop economic growth through agribusiness sector. BRI's vision in developing agribusiness is to expand the financing to competitively advantageous commodities and agribusiness having a multiplier effect to MSME by means of one stop services. cacao. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE SOCIAL RESPONSIBILITY Agribusiness Loan Agribusiness Loan is a loan provided for individuals or companies engaging in agriculture in its broad definition (agribusiness). especially in the interest rate and also limited support from the relevant institutions. cocoa and its derivative products. forest product processing (HTI). BRI will continue to facilitate and speed up the loan process as well as provide regular assistance and consultations. It is a loan facility granted to cattle breeders. fishery. palm oil processing. the interest rate is LPS+6% with an interest rate is set to 5% for breeders and the remainder is borne by the Government. on-farm and off-farm activities. BRI will continue to disburse the loan using the plantation revitalization scheme. for upstream to downstream. closed-system financing.58% (CAGR) with the total distributed loan amounting to Rp. Rp8. medium scale (Rp5 billion up to Rp50 billion) by Regional Office and corporate scale (more than Rp50 billion) by BRI Head Office. livestock sector including broiler farms. without leaving the diversification of commodities being financed. with the loan of more than Rp50 billion up to legal lending limit. forestry.000 working units throughout Indonesia to grant agribusiness loan. rubber. BRI focuses on corporate business related to micro. the loan budget for of plantation revitalization and Cattle Breeding Business can be achieved. For subsidized loans other than KPEN-RP. This business is divided into two major categories: Agribusiness Loan and Non-Agribusiness Loan. Agribusiness loan included in the commercial business is a loan for large-scale or corporate scale agribusiness (more than Rp 50 billions) under the commercial scheme or in the form of interest-subsidized loan by optimizing the product of Bio Energy Development and Plantation Revitalization Loan (Kredit Pengembangan Energi Nabati dan Revitalisasi Perkebunan/KPEN-RP). oleochemicals. including agriculture. 5. dairy cows and cattle. Thus lending to this business segment can provide a trickle-down effect to MSME business. This is done while maintaining the coordination with related institutions mainly the Directorate General of Plantation and Directorate General of Animal Husbandry so that in the future. small commercial scale (up to Rp5 billion) by Branch Office and Sub-Branch Office. a big challenge comes from the increasingly competitive banking industry. To face the challenges of competition in the future. industrial and trade sectors including pesticide industry. including breeding companies. The target market of Commercial Business is private companies and non-government enterprises.142 trillion in 2006 to Rp8. BRI is committed to distribute loans using other loan scheme such as Cattle Breeding Business Loan.

Products include Working Capital Loan. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. The business expansion to big companies having widespread extensive distribution channels throughout Indonesia and the business expansion to long-standing customer’s communities (backward / forward linkage) are done through routine business gathering as for the fellow customers to be able to capture available business opportunities and to boost the loyalty of the existing customers. This business development will include cash management and fee-based income generation by taking into account business feasibility principles according to prevailing banking regulations in force. Export Working Capital Loan. and so forth. commerce. oil and gas). trade. The expansion to energy and oil & gas sectors has become one of the corporate loan distribution focuses in the future given that the market of energy and oil & gas industries keeps growing well. BRI will financing to potential sectors and/or the Government increase prime sectors in the national economic development plan. while upholding prudential principles. pharmaceutical industry. and Bank Guarantee. Standby L/C. communications and telecommunications. such as infrastructure. This strategy its expected to continuously improve the financing to the productive sectors. as well as other banking products and services. Investment Loan. manufacturing industry. BRI’s corporate loan quality monitoring has also become a significant concern. paper industry. energy and mineral resources.FOREWORD COMPANY PROFILE Commercial Business Loan Besides agribusiness. such as the ones in the sectors of industry. energy and mineral resources (including mining. particularly MSME. energy infrastructures such as Independent Power Producer which has a Power Purchase Agreement with State-Owned Electricity Company (Perusahaan Listrik Negara/PLN) as well as supply and chain that sustains the energy and oil & gas industries while considering the market trend and development of those industries. Credit disbursement to the corporate segment is also BRI's concern that disbursement of loans is not concentrated in a particular industry so that the expected quality of loan portfolio is not vulnerable in the event of crisis in a particular industry. In order to a capture existing opportunities. Construction Working Capital Loan. BRI will conducts business development through enhanced cooperation (strategic alliances) with private companies that have good performance. A prudent loan expansion strategy will be realized through a strict evaluation in the loan origination process by applying four eyes principles as the implementation of credit risk management along with fast and effective loan services. Deffered Import Guarantee. BRI also distributes corporate loans to non-agribusiness companies and non-StateOwned Enterprises. Corporate loan disbursement is directed to industries that have prospective and growing market trends. mining and business services. 111 CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE Development Plan BRI will intensify its loan expansion by utilizing its extensive delivery channels as its main marketing vehicles. property. Credit scheme for new products continues to be developed primarily for oil and gas loan scheme to follow up the opening of oil and gas Desk. work units focusing on oil and gas related businesses in BRI so that the opportunity of financing corporate business in this sector can be properly captured. Import Working Capital Loan. electricity. BRI will constantly review its loan procedures to improve the quality of loan services to market's demands. The number and quality of account officers in corporate business line will be improved to catch business opportunities in terms of both assets (credit) and liabilities (fund). including among others the upstream and downstream oil & gas infrastructures. hence that productive assets are capable of generating optimum revenues to sustain the BRI's business growth. and construction services to support the acceleration of economic growth and providing a beneficial effect (trickledown effect) for other sectors. During 2010 BRI corporate loan kept growing while taking into account the BRI reality enabler which focuses on SMEs financing with the composition of 80: 20 for SMEs and corporation respectively. such as infrastructure. transportation services. telecommunication. services construction. The process of credit disbursement are continuously improved to ensure a faster and better service. Loan monitoring will be developed by an integrated system using a Loan Monitoring System in order to anticipate the worsening of the loan portfolio quality so that the level of NPLs could be reduced and controlled properly.

which in return will develop BRI businesses in terms of funding. Land and Building Tax. technologies and networks. name by SOE in construction sector. specific. has a transformation winning strategy for the first TSA phase of 2007/2009 to the second phase of 2010/2012. while in the second phase is to focus on areas that have large funds. Shopping Refund Payment Order. BRI's strategy in the first phase is to acquire all of the ditributed funds. In recent years. Provincial Governments/Cities/Regencies. fertilizer. BRI's vision on Institutional and SOE business is to make BRI as a Leading Bank in directing and coordinating the financing of SOE and the mobilization of State and Regional Budget funds and Financial Institution funds which are distributed through the Ministries/Hight State Institutions/Agencies. All of the institutions require an exclusive. policies. and in the revitalization project of national sugar industry. Saving Products and Banking Services Saving products offered by BRI to the institutions mentioned above generally include demand deposit and time deposit as well as salary crediting. sustainable and accessible banking services throughout Indonesia. Educational Institutions and Hospitals as well as Financial Institutions. BRI is one of the designated commercial banks to manage the TSA project. BRI has developed a potential business in SOE including subsidiaries as well as region-owned enterprises in an optimal manner. In an effort to improve service quality as a one-stop financial services for institutional and SOE. This business development is one of BRI's effort in supporting MSME business sectors so as to create tricle down effect which gives direct and indirect benefits to MSME businesses as BRI's core business as well as to improve the fee-based income. financing and fee-based income sources. bank guarantee. oil fuel. domestic L/C and Standby L/C. and comprehensive (one-stop) banking services become the mainstay of BRI in its collaboration with institutional agencies and financial companies. All of these strategies proved effective in strengthening the existence of BRI as the only Indonesian bank which focuses on serving the institutions and SOE. MPN Prima transaction includes the payment of Tax Invoice. BRI also provides state and institutional money management services including: a. . Land and Building Acquisition Tax. Excellent. Similar trust is also given by financial and pension fund institutions. educational institutions. win back strategy and maintenance strategy. State Revenue Module (Modul Penerimaan Negara/ MPN Prima) MPN Prima is an integrated application that is intended for the payment of state revenues by the obligatory payer to the Directorate General of Treasury. In addition. BRI has implemented strategies such as acquisition strategy. infrastructure and special projects such as energy and food security. financing and funding of the State Budget and the Regional Budget. SOE including subsidiaries. b. Treasury Single Account (TSA) Treasury Single Account (TSA) is mainly aimed at creating efficient management of State money by centralizing cash balances into one account. This business target market includes private institutions. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE Loan Products Financing for SOEs and its subsidiary include loans which consist of working capital loans and want for investment L/C. plantation industry. BRI has always proven to gain confidence from the Government for the distribution. central and regional government institutions. BRI continues to develop its human resources. Non-Tax State FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 112 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. and Regional Government-Owned Enterprises. BRI always serves as the best partner for all of the institutions.COMPANY PROFILE FOREWORD Institutional and State Owned Enterprises Business BISNIS KELEMBAGAAN & BUMN BRI's institutional and state owned enterprises (SOE) businesses are intended to maximize the exploitation of market niche that could be further developed. plantation. customized. Those financings create a synergy between BRI. SOE and institutions engaging in the sectors. With its various banking products and services and countrywide network. To win the competition in institutional business and SOE. These financing were given to the various business sectors including telecommunication industry.

Payment Order for Customs. Smart Driving License BRI (SIM SMART) SIM Smart is a microchip-based card which has dual functions both as a driving license and as a means to pay the traffic ticket and can be used directly on site. Vehicle Tryout Letter. ASKES (Health Insurance) Card (Yellow Card replacement). i. e. containing data of the Civil Servants and their families electronically. c. g. New Students Admission Selection (Seleksi Penerimaan Mahasiswa Baru/SPMB) and the Tuition Fee (Sumbangan Penyelenggaraan Pendidikan/SPP) On-line SPMB New students Admission selection payment system can facilitate students to deposit money for registration and registration on-line at the University which can be accessed at all BRI Units. h. Electronic Civil Servant Card ("KPE") KPE is an identity card for Civil Servants. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. and Certificate of Export Payment / Levy. KPE is delivered to every civil servant and remains valid after the relevant Civil Servant is retired. d. Driver's Clinic and Firearm through ATMs. and BRI Tellers. Pension Card (TASPEN) and Housing Card (Bapertarum). Electronic Data Capture (EDC). Motor Vehicle Registration Number. Vehicle Registration. Vehicle Ownership Book. Excise and Taxation of Import. KPE functions as Employee Card. VAT on domestic tobacco products. SSB Payment Services In order to support the Quick Wins program as Police Bureaucracy Reform program. SPP On-line SPP on-line helps university and college students simplify the withdrawal and management of their study-related payment liabilities on-line through the entire network of BRI. Taxable Goods Excise Payment Order. BRI has been appointed as the bank to carry out management of Police Non-Tax State Revenue. Display of Merah Putih Card: MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY k. j. Merah Putih Card Merah Putih Card is a card devoted to POLRI and TNI officers and functions as BRI ATM Card. Additional KPE is given to spouse and children of retired civil servants. 113 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . National Treasury Pooling National Treasury pooling is a system used to determine the position of the consolidation balance of all accounts found on the Treasury Expenses at all BRI Branch Offices without inter-account fund transfer.e. PLN Payment Point PLN Payment Point provides on-line payment services for electricity bill and other PLN/utility bills. Salary Crediting or Salary Payment Salary Crediting is an automatic salary crediting facility from an individual or corporate saving account to the employee saving account according to the agreed date. i. Driving License. PDAM Payment Point The Payment Point of Regional Water Utility Company (Perusahaan Daerah Air Minum/PDAM) provides financial management services and PDAM customer’s bill payment. f.FOREWORD COMPANY PROFILE Revenue Payment Order.

Renovation Aid.PNS refers to Housing Savings Advisory Agency of Civil Servants in charge of collecting housing savings from civil servants and channeling back to the civil servants during either active or retired in the form of Down Payment Aid. and Target Balance Account features FINANCIAL STATEMENTS BRI 2011 CORPORATE SOCIAL RESPONSIBILITY 114 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Special Compensation Benefit for Death Risk. ASABRI database accessible by BRI work units. The automatic transfer feature on some client's accounts include among others Fixed Balance Account. ASABRI . airports. Cash Management Service As banking competition is getting tighter and considering the rapid development of business world. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Banking Card (Salary payment. pension and housing savings. ground terminals or other places specified by the Minister of Justice and Human Rights as places of entrance of foreign nationals/particular territories into the territory of the Republic of Indonesia. based on the identity of recipients whose data have been recorded in PT. BRI is required to always be able to provide relevant cash management features that are capable of solving every problem faced by customers. KPE is bundled with Britama savings. ASABRI cash compensation payment for the Beneficiary is conducted with an integrated on-line system between ASABRI and BRI.PNS Bapertarum .COMPANY PROFILE FOREWORD l. Value Based Pooling. The current cooperation between BRI and Bapertarum is for the Refund of Saving Fund. Bapertarum . The application used by BRI work unit is ASABRI Cash Compensation Benefit Payment Application CORPORATE GOVERNANCE SUBSIDIARIES m. Compensation Benefit for Death Risk. and Compensation Benefit for Funeral Cost. and Return Savings. Compensation Benefit for Insurance Cash Value. n. ATM) The bundling of various civil servant's cards into KPE will surelly give the card holder practicality to perform various related transactions. ASABRI compensation Benefits include Compensation Benefit for Insurance. . namely the refund of the entire housing saving fund during the Civil Servant's service period plus some interests in accordance with Bapertarum's terms and conditions. Civil Servants will also be able to utilize e-Kiosk which is available for any kind of transactions in Civil Servant offices. Featuers of BRI Cash Management System include: • Account Information • Reporting • Inter-BRI Account Transfer • Mass Fund Transfer • Payroll • Interbank Transfer • Bill Payment • Liquidity Management System (Pooling). Range Balance Account. Imigration Visa On Arrival (VOA) BRI in collaboration with the Director General of Immigration facilitates payment of VOA or Visa on Arrival through BRI banking facilities throughout Immigration Check Points such as seaports. a civil servant can receive health service facility. Compensation Benefit for Disability due to Operational Duty.Compensation ASABRI compensation payments can be made at BRI Units. just with one KPE card. To be more attractive. KPE display as shown below : o. Fill Deficit. Compensation Benefit for Disability Not Due to Operational Duty.

87 trillion in 2010. Provincial/District Government).911 35.45% in 2010. • 8 Memorandum of Understanding (MoU) consisting of: 3 contracts with Government Agencies (Ministry. The proportion of loan provided for SOE to the total corporate loan increases from 54. Provincial/District Government).35% from Rp 58.92 trillion in 2009 to Rp 24. and 7 contracts with Private Companies. and 3 contracts with Private Companies. 3 contracts with Education Institutions. Educational Institutions (Universities). Provincial/District Governments. BRI has established Strategic Cooperation Agreement with several Ministries. growing 18. Pension Funds and Private Companies with the following details: • 24 Contracts: 8 contracts with Government Agencies (Ministry.993 CORPORATE SOCIAL RESPONSIBILITY 16.62% in 2009 to 55. 1 contracts with Education Institutions.571 51 26.8 trillions in 2010.FOREWORD COMPANY PROFILE INSTITUTIONAL AND STATE-OWNED ENTERPRISE BUSINESS PERFORMANCE During 2010 loan distribution to SOE has increased significantly. 115 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS .531 2008 Current Account 166 2009 Deposit Saving 2010 288 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.5 trillions in 2009 to Rp 62. The third party's fund increases by 7. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE Composition of Institutional Business Third Party Fund (Rp billion) 30.88% from Rp 20. 1 contracts with SOE. 6 contracts with State Owned Enterprises.666 34.420 23.

Ministry of Finance. Savings. EUR. and PT. BRI Cash Management contribution are significantly increased over the last two years. TASPEN. and SGD currencies. fee-based income related to BRI Cash Management increases by 291. Regional Police of Jakarta Raya.38 billion in 2010. Total managed funds under BRI Cash Management reached approximately Rp12.397 accounts throughout 2010.5% from Rp864. Perum Pegadaian. State Ministries/Institutions (21). Sriwidjaja Fertilizer Saving products managed by BRI's Cash Management include Demand Deposit. The number has increased by 173 companies throughout 2010.5 billions by the end of 2010. or has increased by 8.500 accounts to 10. Those accounts were come from the following institutions: Indonesia National Police Department. 414 companies are registered as customers of BRI Cash Management including retail companies (322 ). and Educational Institutions (13). JPY. The number of Cash Management accounts has increased sharply since 2009 from around 2.18 million in 2009 to Rp 3.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Up to 2010. . As the number of companies using BRI Cash Management BRI is increasing. and Time Deposit in Rupiah. national private corporations (22). PT. Pelindo.890 accounts by the end of 2010. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE 116 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. HKD. USD. PLN. SOE (36).

the development of the Electricity Pre-Paid system. the development and application of payment system of ASABRI compensation and pension through BRI Work Units on a real-time and on-line basis and the improvement of BRI on-line payment system of PDAM bills. SPMB and SPP. the improvement of cooperation with K3S BP MIGAS (Oil and Gas Institution). The development plan of BRI Cash Management in 2011 is to refine features. revise the Operating Manual. 117 MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . the improvement of the State Revenue Module. in order to transform BRI Cash Management as one of the services that actively participate in developing BRI's business through the mobilization of corporate funds. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. and conduct socialization and evaluation to BRI work units all over Indonesia. acquisition of corporate customers and improvement of fee-based income.FOREWORD COMPANY PROFILE DEVELOPMENT PLAN Development plan related to Institutions and SOE businesses in 2011 is the development of SMART driving licence.

Money Changer 9 Inward/Outward Remittance 10. including product and service for trade finance transactions. 1. Trade finance transaction contributes significantly to the BRI's business.19 billion. Inward/Outward Documentary Collection ( Document Against Payment and Document Against Acceptance) 11. To actualize this vision. and type of institutions. Guarantee. BRI will keep on expanding Export-Import businesses and overseas services which may generate more fee based income while developing micro. economic sectors. Trade Finance Transaction Development a. BRI has a vision to become a Leading Foreign Exchange Bank Prioritizing Customer Satisfaction. small and medium enterprises. from USD 836 million in 2008 to USD 1. CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Export Transactions In billion USD SUBSIDIARIES 0. Trade finance transaction is one source of fee-based income which strongly supports the efforts to increase the noninterest income and can be used as a promotion tool in maintaining and improving BRI's image as the best bank. Postshipment Financing (Negotiation and Export Bill Discount) L/C and SKBDN 4 Bill Purchase 5 Standby L/C. hence positively affecting the export businesses in Indonesia.19 .47%.84 FINANCIAL STATEMENTS BRI 2011 ‘06 ‘07 ‘08 ‘09 ‘10 118 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. and improving trade finance services to customers through integrated development system.88 0. expanding corespondent banking relationships. Export Transactions Export Transaction Development increased significantly during 2010. and Counter Guarantee 6 Trust Receipt (TR) 7 Refinancing L/C (Sight/Usance/UPAS/Usance Payable at Usance) and Non-L/C 8.78 0.COMPANY PROFILE FOREWORD International Business BISNIS INTERNASIONAL BRI as a leading commercial bank in Indonesia provides a wide range of products and services to meet customers' needs. or 41. Opening Letter of Credit (L/C) or SKBDN including the amendment of both products 2. In an effort to develop trade finance transactions. Target Market International business is broad and does not distinguish between demographic factors. Inward/Outward Clean Collection In the future. Trade finance creates business opportunities through the financing for potential customers who are not debtors of BRI (loan expansion) and creates opportunities of short-term funding source that is essential to BRI. including fee-based income. International business target market means every business player that includes both individuals and business entities undertaking trade finance transactions or in need of trade finance services in their business activities. BRI performs the best banking activities by developing products and marketing trade finance and remittance products.78 0. Advising L/C and SKBDN (Surat Kredit Berdokumen Dalam Negeri or Domestic L/C) 3. One of the triggering factors of the increase is the improvement of the global economy condition that is marked by the rise in foreign demand and purchasing power. Trade finance offered by BRI includes: 1.

the outward remittance value reached USD 15.80 1. By the end of December 2010. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS BRI E-banking Transaction In billion USD CORPORATE GOVERNANCE 1. representing an increase of 59.26 9. 119 BRI 2011 FINANCIAL STATEMENTS .56% in 2010 to 554. BRI is able to provide individual remittance services in real-time so that beneficiaries can receive money in quick time at competitive cost. the amount of import transactions served by BRI reached USD 2. and decreased in 2008. Remittance Transactions BRI focus on remittance business development.07 billion.30 SUBSIDIARIES ‘06 ‘07 ‘08 ‘09 ‘10 Outward Remittance Inward Remittance 2.48 To further introduce the trade finance products to customers and prospective customers. Remittance Transactions 11.39 billions or grew 64. BRI has improved marketing programs by expanding cooperations with correspondent banks and financial institutions.12 billion. The total inward remittance in December 2010 was USD 10. With cooperations and supports from counter_parties such as banks and non-bank financial institutions which have an extensive network overseas.221 transactions compared to that in 2009.42 1.05%.63 billion.46 ‘06 ‘07 ‘08 ‘09 ‘10 2. During 2010.e.50% compared to that in December 2009. Fee-based income from the remittance business is in line with the growth of remittance business.8% from 2009 which is Rp14.06 10.45 8. the remittance business contributed a fee-based income of Rp20. USD 9.76 15.39 CORPORATE SOCIAL RESPONSIBILITY 6. a. In December 2010.58 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.48 billion.29 1. Remittance Business Development BRI remittance transactions during 2010 showed an increase compared to that in 2009. Import Transactions During the last five years.FOREWORD COMPANY PROFILE b.20 3.40 4.76 billions or increased by 30. Furthermore.12 In billion USD 7. the number of remittance transactions increased by 90. and also maintaining active communications with business partners through business gathering to obtain upto-date information on the business needs of the customers. BRI Import Transactions increased from 2006 to 2007. representing an increase of 46. i. holding exhibitions and sponsorship activities both inside and outside the country.29% compared to December 2009.

100 correspondent banks throughout the world in a Relationship Management Application (RMA) to be used as an authenticated SWIFT international payment instruction and a test key arrangement. Corespondent banks' support in a form of trade line facility to BRI is seen improving as BRI is considered capable of maintaining the best performance as The Most Profitable Bank in Indonesia. CAD. HKD. EUR. BRI has cooperated with corespondent banks and money changers for bank notes payment and withdrawal. During 2010 BRI provides SAR bank notes for living cost of pilgrims in three embarkations in Jakarta. where money from overseas can be received by the recipient in Indonesia in seconds. In 2010 BRI received STP (Straight-Through Process) Award from the Bank of New York Mellon. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE 120 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. The correspondent bank support includes also maintenance of nostro accounts. as well as informal correspondent relationships such as courtesy visits and courtesy calls. Correspondent Banking Activity Developments BRI has established correspondent relations with more than 1. Surabaya and Medan. by opening counters at each pilgrimage embarkation throughout Indonesia. BRI also provides SAR and USD money changer services during the pilgrimage season. that is the BRI's account in various currencies in depository correspondent banks which is used to settle the import transaction. so that it is possible for the entire BRI working units with potential money changer business to act as money changers. such as USD. BRIfast Remittance is able to perform fast transfer.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS b. AUD. Letter of Credit (L/C) refinancing (Sight/Usance/Usance) Payable At Sight (UPAS/Usance Payable at Usance) are provided for customers to meet the needs of imported goods at more competitive prices. Currently. collecting the export proceeds and for incoming/outgoing remittance purposes. All services mentioned above cannot be separated from the trade line facility of various correspondent banks abroad. SAR. SGD. JPY. In addition. refinancing can be applied for non L/C product for the fulfillment the necessity of customers who import non L/C product with a more competitive cost. SEK. In addition. With wide networking support from off shore correspondent banks. BRI has been actively doing transactions in some foreign currencies. . BRIfast Remittance can be provided to both BRI customer account holders and walking customers showing official ID and PIN to all work units of BRI for accepting remittances from abroad. AED. BRI provides refinancing loan facilities to customers who need foreign currency loans with competitive interest. Innovation of BRIfast Remittance BRIfast Remittance is a remittance service using a web application system. New York. CHF. BRI is able to provide the best trade finance products and services for the customers. GBP. and RMB using 26 nostro accounts at some depository correspondent banks.

121 CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . BRI New York Agency provides trade finance services in the form of funding for refinancing L/Cs as well as rediscounting bills of taking usance export bills to help the cash flow of customers. Development of innovative payment and features of BRIFast Remittance product. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. The improvement of the quality of the trade finance product services is performed by centralizing the trade finance processing services. In addition. BRI Cayman Island Branch and Hong Kong Representative Office. e. BRI Hong Kong Representative Office has a role in coordinating business activities and gathering relevant information relating to investments and business opportunities to develop bilateral trade relations and promoting exports/imports from/to Indonesia. Money Changer Transaction Pilot Project Infrastructure development and money changer transaction application have entered the stage of pilot project this year. Business Development Plan in 2011 a.FOREWORD COMPANY PROFILE Overseas Working Unit Development BRI trade finance service is strengthened by BRI’s Overseas Working Units which currently include BRI New York Agency. BRI New York also provides saving product for foreigners. BRI New York is now also active in granting credit for trade finance needs of clients as well as working capital. c. In the short term there will be a centralized pilot project through establishment of the Trade Processing Center. CORPORATE GOVERNANCE d. Expand the remittance business networking BRI will continue to expand remittance business networking overseas in collaboration with correspondent banks/remittance companies and or opening new networks overseas. Net local L/C application refers to a web-based technology application with aim to accommodate an intergrated customer service (end-to-end process). The Establishment of BRI Trade Processing Center (TPC). Development of local L/C Net Application. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS b. BRI Cayman Island Branch has issued L/Cs opened by non-resident customers and also acts as a booking office for institutional clients that use export credit. The existence of Overseas Working Unit is integral to the attempt to optimize customer services.

covering various Mutual Funds and Financial Institution's Pension Fund (Dana Pensiun Lembaga Keuangan/DPLK) In an effort to deal with business development. BRI stays focused to maintain a stable long-term profitability. Regarding the service quality improvement. To provide added values for shareholders. BRI Custodian manages Limited-Participation-Mutual-Fund on the request of institutional customers. assets managed by BRI Custodian increased 11% to Rp31. . Besides. including money market instruments in the form of time deposits/ deposits on call until Bank Indonesia Certificates. In line with the increase in assets managed by BRI Custodian. as a means to deliver instructions BRI Custodian customer transactions on-line. Third Best ORI007 Sales Agent for Bank category. Interest rate gap. In the past year. In addition. In general. ensuring adequate funding for all business segments in every economic cycle. Using ORI and Sukuk Ritel marketing strategies across all BRI Branch Offices and Sub-branch Offices all over Indonesia.COMPANY PROFILE FOREWORD Treasury and Capital Market Support Services Treasury Treasury Activites at BRI are one of the very strategic functions in management of assets and liabilities of the Bank. maintain strong capital structure and maintain the quality of productive assets. Custodian Service provided by BRI includes mutual fund management. BRI provides trust and selling agent services.80 trillion.98 trillion. exchange rate gap. from Rp11. maintaining adequate liquidity.88 billion. In its function as a selling agent. BRI Custodian continues to develop the system in use including client information module. In addition. one the main marketing target is BRI Prioritas clients. CORPORATE SOCIAL RESPONSIBILITY Capital Market Supporting Services Trust and Selling Agent In order to tap more of fee-based income opportunities. The total issuance of securities managed by BRI as the trustee until 31 December 2010 amounted to Rp24. fee-based income received in 2010 increases by 22% compared to that in 2009. web-based information. to protect against the risk of interest rate and exchange rate. namely KIKEBA DSMF 01 and KIK-EBA DSMF 02. and maintaining the structure of competitive cost of funds to support the company's growth.e. and maturity gap are managed to optimize the revenue and interest costs. BRI conducts marketing for investment products including mutual funds. during 2010 BRI has been appointed by the Government as Selling Agent for ORI007 and as Sub-Selling Agent for Sharia Bond (Sukuk Ritel) SR002 Series. BRI will maintain cooperations with parties in the Capital Market to develop the trust services. Through the function of trust. paying agent. Kustodian BRI has become the first Custodian Bank trusted to manage assets underwriting in Indonesia. BRI is currently marketing 16 Mutual Funds products. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE Custodian Services BRI has become a Custodian Bank since 1996 with various kinds of assets under its management. acting as a paying agent in the bond mechanism and as an escrow agent. as well as underwriter in the issuance of securities by the issuer.34 billion to Rp 13. i. The achievement BRI has attained is FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 122 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BRI periodically observes and analyzes the achievement of company's targets such as anticipating the growth of loans and funding.94 trillion in December 2010 when compared with assets in December 2009 amounted to Rp28. BRI periodically observe and analyze the development of national and international economies to be used as the basis for optimizing each gap during transaction in the financial market. BRI keeps trying to get trust from the Government to become the selling agent/sub-selling agent for each published Indonesian Retail Bond (ORI) and Sharia Bond (Sukuk Ritel). BRI's assets and liabilities management is aimed at ensuring that BRI's can provide added values (value creation) for investors while mitigating potential risks. In collaboration with eight Investment Managers. BRI will act as a trustee. and equity instruments in the form of shares. In the future. BRI Custodian continues to innovate by developing product features and services to meet customers' needs. ORI and Retail Sukuk (Sharia Bonds). fixed income instruments in the form of bonds and various types of debt instruments both government bonds and corporate bonds.

while Jakarta Composite Index (yoy) was 46. DPLK BRI stocks earned 57. Rp8. The advantages of the product are that it is modernly managed using the concept of Net Asset Value which is published daily in national business paper.05% (yoy). DPLK BRI has a vision to be a market leader in pension fund industry that prioritizes customer satisfaction and contributes fee-based income for BRI.FOREWORD COMPANY PROFILE Financial Institution Pension Funds (Dana Pensiun Lembaga Keuangan/DPLK) BRI Financial Institutions Pension Funds (DPLK) is the managing institution of the Defined Contribution Pension Fund established by Bank BRI since 9 January 2006. it is expected that more Indonesian people will be aware of the their retirement welfare by participating in the pension program.72% annually.67% (yoy).id. i. The competitive advantage of DPLK BRI is its extensive marketing network. As the pension subsidy organizer.11 billion.bri. By utilizing the wide network of BRI branch offices and sub-branch offices all over Indonesia. DPLK BRI up to 31 December 2010 showed a great performance in 2009.13%. Rp1. i.e. Earnings from DPLK investment in money market was 9. DPLK BRI investment in fixed income and stocks also generated better income than investment in Bank Indonesia Certificates and average stock index. BRI Pension Plan consists of four types of investment choices which are: Money Market.co. 123 MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . investment. representing an increase of 20.11%. Equity and a combination of the above.e. BRI DPLK carries out the mission by prudently managing the long-term investments which gives optimum returns.15% compared to the same period in the previous year. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. the performance of DPLK BRI can also be monitored on the website: www. To actualize it.18 trillion.39 billion with total managed assets of Rp 1. DPLK BRI known as "BRI Pension Plan" is opened for public. it has the simple procedure and broad network with all BRI branch offices and sub-branch offices.54% (yoy).40% compared to the same period in the previous year. and the product has safety and competitive profit. DPLK BRI revenue from Fixed Income was 11. Fixed Income. whereas SBI gained 8. including individual or group participant from both formal and informal sectors. higher than the average earning from time deposits account of 5. managing investments in a professional and transparent way. Other than in the national newspaper. in order to organize better future of DPLK BRI participants. The contribution of DPLK BRI fee-based income to Bank BRI as the founder up to the end of 2010 is Rp10.40 trillions or an increase of 19.

The additional number of BRI employees to support the business growth was also accompanied by efforts to maintain excellent quality of existing employees by developing welfare related policies as part of retention strategy for high performance employees. 2. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 124 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BRI always provides and maintains the level of salary at a competitive level and regularly follows the salary survey conducted by independent consultants. developing. 9.673 person for marketing staffs.000 person through Management Trainee programs. • Outsourcing for supporting roles (non-core business).FOREWORD Operational Review Human Resources In 2010 BRI theme of the year was The Year of Human Resources as a mean to realize one of BRI ‘s vision “To provide excellent services to the customers through its vast network supported by professional human resources and by the guidance of good corporate governance”. . 1. human resources management has been carried out in a sustainable manners trough series of integrated activities within the framework of Human Resources Architecture from planning. for newly developed fields where no internal sources are available. In 2010. acquiring. easily administered framework. Intended to give motivation and opportunities for high performance contract workers to fill in certain positions. Employee Development Program Employees were given equal opportunities to develop their career. and in accordance with the needs and capabilities of the Bank. BRI have recruited 1. In 2010 the related policies for employee development: • Talent Pool Intended to identify and prepare high performance employees for strategic positions. Recruitment Several policies have been established to obtain skillful and competent employees: • Management Trainee Program for BRI future leaders recruites fresh graduate from different educational backgrounds and universities. • Career opportunities for outsourcing employees. The amount of compensation and benefits for BRI employees are measured according to their positions and performance. This policy will be developed as the base of Talent Management. BRI have identified the differences in living cost in current working units and divide it in several zones that affect the amount of compensations and benefits for the employee in these zones. • Contract workers. it is possible to create a pool of professional and skillful talents in sufficient number capable of adapting with the dynamic business environment thus supporting the optimum achievement of company’s strategy. for certain positions including marketing positions. performance management and terminating. 1. CORPORATE SOCIAL RESPONSIBILITY These efforts are mainly aimed at fulfilling the need for future BRI leaders and marketing staffs. such as account officer and administration staff. and 23 person through special hiring. CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS COMPANY PROFILE 3. For that particular reasons. retaining and maintaining. Therefore. and • Special hiring. In relations with the theme. this is requires certain adaption to BRI compensation system. Through better management of Human Resources. as BRI business develops rapidly the Company could implement simple yet dynamic remuneration system. competitive.298 outsourcing employees. BRI's wide coverage of service involves different cost structure in each geographical area. Employee Welfare BRI remuneration system is fair. equitable.

6. customer satisfaction. knowledge. 13 of 2003 on Manpower.90% increase from Rp168. Industrial Relations and Corporate Culture Asides from giving rewards. thus improvement in employee's skills. management trainee program was held as a (MT program) to prepare its participants to become future leaders of BRI. it will give maximum benefits for the company.60 billion in 2009. effectiveness. The policy is expected to create a competitive and fair working climate for all the employees that will encourage them to contribute their best for the Company.651 participants graduated from this program. At the same time. corporate culture continues to be developed and implemented through the Performance Improvement Program that must be carried out at least once a year in each working units. and Makassar. and relevancy of the programs for the employees. leadership. 4. At the end of 2010. an integrated information system is also developed. incentives and salary increase. Bandung. Surabaya. Organized training programs development consisted of: a. and employee MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE Training for Newly Recruited Employees Newly recruited employees are provided trainings on basic knowledge and skills required for their positions. BRI spent Rp250. Within 2010. This program should consider the efficiency. Training and Education Human resources is the bank's essential assets. The amount of these bonus and incentives depends on the company's profit achievement and working unit levels. The development programs were facilitated in 6 Regional Learning Centers located in Jakarta. The Company also continuously maintained good communications with the Labor Union who are strategic partners in developing the Company’s business according to the regulations as stipulated in Labor Act No. Rewards for employees is one of BRI's corporate culture that will spur better target achievement. and attitude is essential time to time as the company grows. BRI provides both financial and non financial rewards. In 2010. 125 CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . 5. Human Resources Development Plan BRI policy in human resources management is by developing integrated talent management system. Yogyakarta.FOREWORD COMPANY PROFILE Good performing employees are rewarded by bonus. 1. so. To support the system. BRI Corporate Values of integrity. • Management Trainee Program In 2010. BRI also employs policies on punishments that are both consistent and just to employees who had been proven to have made disciplinary violations in order to create a healthy and a sense-of-fairness in the working environment. 48. BRI continued its effort to develop training and learning programs that link and match with BRI's business development. professionalism. and respect to human resources must be used as a guidance in employees’ professional and personal conduct.48 billion for training and education program. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Padang.

there are currently 24 staffs studying overseas. marketing. several pilot classes based on the blue print were set up to get feedbacks from the Division/Working Units and participants. sub-branches and BRI Units. • Other Trainings Other than MT Program. Auditor. and US. c. In order to provide the course curriculum that match with BRI's business needs. 1. so untill December 2010.320 account officers. power plant. In order to get human resources with integrated knowledge and skill commensurate with their job experience. 500 BRI Unit Manager received various related trainings. Education for development was also provided for employees in micro business. paddy and rice industry. have also been developed for account officers in the branch offices. BRI also conducted trainings for their field staffs such as account officers. Business Profile Workshops organized in 2010 are cow related business (milk and slaughter). In order to strengthen the Audit and IT function.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS During the training.312 front liners attended the trainings prior to their appointment. as well as post graduate scholarship for staff who has highly prospective to became future leader of BRI. UK. CORPORATE GOVERNANCE d. and banking operation with a depth level in accordance with participants' position and length of service. In Audit function. sugarcane and sugar industry. shipping. bank guarantee and construction business as well as oil and gas. Some of the inhouse trainings includes workshops and benchmarking of potential business profiles aimed at providing participants with "the industrial tree". people skill. This training is carried out either inhouse or through attending public courses. CORPORATE SOCIAL RESPONSIBILITY b. In addition to the workshops. participants received several materials on banking in general and BRI. and IT MT Program specialist programs were conducted available to provide them with more in-depth knowledge in the fields of Audit and IT. Applicative Training The applicative training provides skills and knowledge needed by employees to support their work in their current positions. service.e. In 2010 there were: 241 supervisors. and 1. funding officers and front liners (customer service and tellers). received various related training. They were required to undergo on the job training at the branch office. . 165 funding officer and 6.036 account officers. Education for Development Training for job promotion is for employees who have potential for promotion and/or have recently been promoted. in and out of the country. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 126 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BRI has also developed an education and training matrix which is included in an educational blueprint. business profile/pocket book modules. Educational Blueprint for Business and Business Support Staffs. sales. an educational blueprint has been prepared for the business and business support staffs on five education and training material modules i. Included in the classes are Debriefing and Application Modules. BRI sent 22 employees to study in several universities in Australia. Participants were declared graduated after having passed a comprehensive examination before the Board of Directors and Division Heads. there were 125 associate auditors and 259 resident auditors trained on basic knowledge related to audit function in commercial bank. Throughout 2010. As initial phase. along with tips and tricks from relevant business actors. In 2010.

FOREWORD COMPANY PROFILE The following are the pilot classes set and continued by evaluation and fine tuning: • • • • • • • • • Sub Branch Managers Training Sub Branch Managers Advance Training Training Sessions for Account Officer Candidates Account Officer Advanced Trainings Unit Manager. there were 168. which is a data warehouse for the administration and management of education and training. e-Learning e-Learning continue to be the reliable method for future delivery of trainings and has been constantly improved in 2010 through the following activities: IT & Security Awareness Training on Anti Money Laundering & Terrorism Financing Prevention Introduction to Loan Product/Knowledge Similar with conventional learning. The initiatives refers to a continuous learning system where line managers are expected to participate in the formation and development of knowledge. and quality of learning and training activities for all BRI workers can be realized. the use of e-learning and distant learning method in 2011 will be intensified to achieve a learning method of "blended learning". Loan Officers. and attitude of the employees under their responsibility through coaching. mentoring. 127 CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . a digitalization will be done to all BRI libraries so that the dissemination of knowledge and information regarding new books/articles can be easily accessed by the workers. As a "source of knowledge". effectiveness. As an initial step towards the vision. in 2011. Training and Education Program Plan In 2011 the focus of training will be on the delivery of the training where technology was used to achieve better results. The Blueprint that has been tested in a pilot project and will be rolled out along with e-learning development. BRI continues to develop back office automation. and Front Liners Trainings Funding Officer Trainings Branch Manager and Deputy Regional Head Traning Classes Service Staff Training Refreshment Class for Assistant Manager of Micro Business and Micro Business Manager Miscellaneous trainings f. in 2010. In addition. skills. This is in line with BRI's future vision on learning and training that is transforming from training organizers to become a technology based knowledge center.471 employees participated in trainings that is average of 3. a cascading learning as a form of continued learning will be introduced. It is expected that efficiency. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE • e. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.3 trainings in one year for each employee. evaluation is also implement out on e-learning with the aim to find out LMS performance and obtain feedback from participants about e-learning materials. and counseling. Along with this project there will be a reorganization in 2010 to include e-education department. With all of activities mentioned above.

Marketing/Sales/Business Issue .Business Profile . Participants: Preferred to all related employees holding existing positions over 2 years. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 128 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. CORPORATE GOVERNANCE Participants: Newly recruits from external or from the job opening. Service and People Skills. People Skill Enrichment Advance Marketing.Critical Hard Skills . Sales. Participants: Employees who have been holding their current positions for 1-2 years (for positions with relatively long tenure such as Branch Manager and Account Officer). .Motivation . Managerial Skills in accordance with job requirements.Sharing of Experience . Sales. Service and Manager Skills Immersion Class.Leadership .Forum per Position (Branch manager/FO/AO Forums) Preparatory Phase II Marketing. Refreshing Workshops/seminars: . Sales.Basic Marketing.COMPANY PROFILE FOREWORD Education Matrix in the Learning Blueprint for Business and Business Support functions: MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Preparatory Preparatory Phase I (after recruitment/placement) .

BRI opened 217 BRI Teras and in 2010 opened another 400 BRI Teras. 129 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . Until December 2010. bringing total BRI Teras opened to 617. In 2008. With all working units linked together in one network. Until end December 2010 BRI opened 105 BRI Units and 400 BRI Teras. the number of micro-business networks recorded was 4.112 BRI Units and 127 PPD. CORPORATE GOVERNANCE Development Plan In 2011. apply for credit. this strategy is implemented to strengthen customers loyalty. BRI opened 115 BRI Units. • Developing technology applications that will expedite application of loans at BRI Units and BRI Teras. in 2006. it is expected that BRI can better serve the micro community. In 2009. • BRI changed the layout and identity of its BRI Unit offices • Conduct training for employees of BRI Units and BRI Teras in order to provide more effective services to micro customers. and in the end it will give positive influence on BRI's business growth. in 2005. total micro outlet networks reached 4. and conduct other banking transactions without having to leave their business activities. BRI has expanded its networks to regions previously unreachable by other banks. By sustainable development and optimization of the entire network of micro business. CORPORATE SOCIAL RESPONSIBILITY Development of BRI Teras In order to better facilitate accessibility and provide faster service to micro customers. For the last 5 years. BRI has developed a new outlet in the form of BRI Teras.000 outlets all over the country. BRI is planing the following development programs: • Opening more than 100 new BRI units. BRI opened 117 BRI Units. BRI is ready to become the largest payment bank in Indonesia to serve a variety of banking transactions. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. This network included the development of BRI Units and BRI Teras. To be closer with the customers. and 40 Mobile BRI Teras. Achievement in 2010 BRI has established several strategic steps during 2010. further development and improvement in micro businesses network was also evident. more than 400 BRI Teras. • Increase the utilization of e-channel at BRI Units and BRI Teras to provide more convenient transaction options. The location of BRI Teras is at the center of business activities which allows BRI customers to save money. Since November 2009 all of BRI Units and BRI Teras have been linked real time and online. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Micro Business Network In line with the vision and mission of BRI.FOREWORD COMPANY PROFILE Network and Services BRI continues to improve the quality of its service and network throughout Indonesia. as follows: • To meet the needs of the community for banking access.649 BRI Units. 114 BRI Units in 2009 and 105 BRI Units in 2010. BRI continues to develop a network of micro businesses throughout the country. In an effort to improve the local economy and ease of access to its service. BRI has a network of more than 7. Then another 75 units was opened in 2007. The network has been connected real time and online. Development of BRI Units BRI is a state-owned bank that focuses on micro businesses.

COMPANY PROFILE FOREWORD Retail Business Network To become the best bank in Indonesia. Year 2006 1. BRI continues to be the bank with widest network that is accessible by customers everywhere and with the best service quality. During 2010.000 EDC.576 2 2008 1. Sub-Branches.278 2007 1. While supported by improvement of the service quality on each distribution network.085 71 100 13. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Total Working Units Working Units Regional Office Branch Office Sub-Branch Office Cash Outlet Year 2006 13 334 202 0 2007 14 344 230 24 2008 14 376 337 179 2009 17 406 434 728 2010 18 413 470 822 CORPORATE GOVERNANCE Total e-channel Working Units ATM CDM KIOSK EDC Development Plan In 2011.000 ATM. 5 Consumer Loan Centers.398 2010 6. 9 Pension Centers • Procurement of 18 mobile service (e-buzz) • Placement of e-channel: 4. . BRI is planing the following development programs: • Establishing conventional working unit: 10 Branch Offices. Cash Outlet. network utilization at Branch Offices. BRI's working unit and e-channel networks were continuously developed and improved. and e-channel was optimized to reach all layers of the society. 30. and 20 CDM • Display standardization of Working Units and e-channel.834 1 14 2009 3.631 FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 130 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 40 Priority Lounges.734 20 60 6. and 50 Cash Outlet • Opening of BRI Centers: 10 Priority Banking Centers. 30 Sub-Branches. To achieve this goal.

1. Weekend banking services. Simplifying service to customers includes producing instant ATM cards and changing ATM PIN quickly. 8. Bronze for The Best Back Office Operations category. to serve the needs of customers on holidays.FOREWORD COMPANY PROFILE Services BRI constantly strives to improve the quality of its service to improve the satisfaction and loyalty of the customers that will ultimately have a positive influence to BRI's business growth. simplify the process of opening an account. managed to increase its ranking. namely the establishment of BRI Teras in traditional markets/wet markets that provide savings and loan services. in 2010 Bank BRI also received awards from several institutions as follows: CORPORATE GOVERNANCE 3. internet banking. From the Center for Customer Satisfaction and Loyalty (CARRE) in the 2010 Call Center Award. previously on rank 11th with a value of 78. Based on MRI research results. CORPORATE SOCIAL RESPONSIBILITY 5. i. Adding ATM and other e-banking products such as cash deposit machines (CDM). Silver for Video Contact Center category. From the Contact Center Association (ICCA). "One door" customer complaint handling by the Contact Center Service and the opportunity to resolve customer complaints through Banking Mediation from Bank Indonesia. BRI has won The Best Contact Center Indonesia 2010 for Service Excellence Call BRI in the credit card category. 24-hour service in several hospitals. 10. Additional services developed in 2010 was: 1. 7. BRI improvement in enhancing quality of service to customers. 4. Micro segment service.94 (up 5 positions from 11 to 6 with 3 points value increase). With all working units linked in one network. Network of more than 7. BRI has won Platinum award for The Best Contact Center Operation category. BRI has become the only bank which quality of service value that experienced a significant increase over the previous year. has recognized by achieving "The Rising Star Service Excellent" from Infobank magazine in partnership with MRI (Marketing Research Indonesia) research institution. mini-ATM (EDC). Bronze for The Best Team Leader category and Excellence Performance BRI in Contact Center Association Leader Expo. to serve the needs of customers who require banking services for 24 hours at the hospital. Continuous customers education and information on the ease of using e-banking.000 units spanned from the farthest west part of Sabang to the most eastern part in Merauke already connected in real time and online. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.14 in 2009 to rank 6 with a score of 81. sms/mobile banking and e-money (in progress). MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS 9. 2. In terms of service contact center.e. Placement of BRI network at the Regional Police Office to facilitate payment of driver's license/vehicle registration. 6. In 2010. 2. 131 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . Gold for Leader category. BRI is ready to become the largest payment bank in Indonesia to serve a variety of banking transactions. Ease of access to banking services through BRI call center.

Improving the awareness and spirit of service by conducting Service Quality (SQ) awareness roadshows through several service quality improvement programs.COMPANY PROFILE FOREWORD Procedures for handling customer complaints: Customer Complaints Media used: • Mass media • Website/Email • Through employees • Working Units • Call Center Customer Response Center Escalation of problems to the relevant working unit MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Settlement 3. Socialization and Implementation of Service Culture Standardization of service and increase customer satisfaction through performing SQ coaching. among others through: • • • One door reporting of customer complaints by operational working units (full service). Standardization of BRI service and ensure customers receive news of complaints follow-up results by centralizing correspondence to customers. Appointing working units as a Pension and Briguna Service Center in each Regional Office. From Bank Indonesia (BI) BRI has earned an award on Care in the Settlement of Customer Complaints. Improving the service skills and service leadership by organizing training related to the workers at Branch Offices throughout Indonesia. CORPORATE SOCIAL RESPONSIBILITY • • • • SUBSIDIARIES • • FINANCIAL STATEMENTS BRI 2011 132 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. SQ monitoring and refreshing course activities of products and policies to the range of front liners at Branch Offices. Appointing pilot branches as the best practice in terms of quality of service in each Regional Office (Center of Excellence). CORPORATE GOVERNANCE In order to improve quality of service to customers. Monitoring customer complaints through second level front liners as intermediaries between customers and the back office to settle customer cases and complaints. Cash Offices and BRI Units. the strategies are: • Improving BRI's image by improving its contact center. . SubBranches.

the addition of knowledge management (database problem solving). and CIF data MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS • • • • • CORPORATE GOVERNANCE • • • CORPORATE SOCIAL RESPONSIBILITY • • • Develop Operational Manual on Cash Management System (CMS). appearance of front liners. the addition of help desk operators/agents. Sharia Service Office. Identify customer needs through the activities of Focus Group Discussion with customers and conduct customer satisfaction surveys regularly to customers of Branch Offices. CDM. ATM. Developing applications of host to host and BRIVA (BRI Virtual Account) with State-Owned Companies (among others): PDAM. Bapeten. Funding Officers. Improving working motivation by providing service awards at Branch level and worker level. SubBranches. Increase skills and knowledge of help desk operators by: Conduct incidental or gradual trainings On the job training in operational units for both new and existing agents to better understand the operational conditions of the working units. product promotion media and increase customer awareness to BRI products. review operational policies in order to process business reengineering to improve customer satisfaction. the fulfillment of voice recording system. • Escalate and monitor handling of e-banking service operations including e-channel product problems i. Plan Fund. Establishment of quality control team Improving help desk operators' working motivation. Implement response function center that refers to the Service Level Agreement (SLA) by improving help desk infrastructure such as adding Remedy license and upgrading Remedy System to Version 7. Internet banking. motivation building Monitor CIF duplication completeness. and BRI Units to both deposit and loan customers. phone banking. Management Information System as sources of information in decision making by management. Develop accelerated service quality improvement program through the SQ Assurance and Improvement program. roll out Remedy System in operation units that have not been implemented.e. • SUBSIDIARIES • ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Standardization of lay out display of branch offices. making implementation of problem report (IPR). Coordinate and monitor handling of operations and service units in disaster affected areas (as the coordinator of Head Office's Crisis Center Team). the addition of Avaya System license. Giving Best Agent award on a quarterly basis. and Staff). SMS banking. Forex Line. Organizing annual Service Quality events for help desk agents. Kiosk.5.FOREWORD COMPANY PROFILE • Preparation of Standard Service for the sales team (Account Officers. Addition of team leaders from senior agents/best agents. 133 BRI 2011 FINANCIAL STATEMENTS . Product knowledge competition amongst Branch and Sub-Branch front liners throughout Indonesia as well as BRI Unit front liners through the SQ Vaganza program. EDC. Pusri. PGN).

COMPANY PROFILE FOREWORD Center of Operation SENTRA OPERASI In 2010.7 trillion or 51.2 million cards in 2009. while outward transactions reached Rp28 trillion with 2. Looking at the types of transactions. and nostro. RTGS. which include implementation of centralized debit vouchers in Jakarta. The increasingly rapid and complex business development have required BRI to adapt and make improvements in the operational field and continue to develop and supervise in a dynamic manner to minimize the possibility of losses due to operational risk. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 134 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Total RTGS incoming transactions of BRI amounted to Rp3. at the of end 2010 reached 19.44 trillion with 881 thousand transactions.9 million transactions. and so forth aimed at creating a Straight Through Processing (STP) and settlement of open positions and differences relating to e-banking.7 million transactions. Total card transactions in 2010 reached 332 million transactions (on average almost 1.43 trillion with 965 thousand transactions. In terms of loan clearing. While RTGS outgoing transactions have reached Rp3.7 million cards. there are around increase of 50% from 2009 with nominal transactions recorded at over Rp162 trillion or grow 51. business process evaluation and improvement of operational procedures. . Until 2010. centralization of the clearing. CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Business Process Improvement and Operational Efficiency BRI has made a number of improvements in the field of operations to cope with business demands and achieve performance targets in 2010. ATM cash.4 million transactions. BRI consistently transformed operations in the field of internal business process from distributed banking operation to centralized banking operation in order to improve efficiency and effectiveness of operations in accordance with the national banking best practices. it shows that the biggest transaction was conducted on ATM. while outward transactions reached Rp20 trillion with 727 thousand transactions. In supporting the improvement of banking services. Efforts to develop and evaluate business process of all transactions are handled consistently including improvement to remittances and trade finance applications.5% compared with 2009. total inward transactions have reached Rp84 trillion with 3. Similar to RTGS transactions. This is in line with the increased of credit cards circulation. centralizing reconciliation of ATM transactions. BRI manages and develops centralized back office operations so as creating centers that are ideal. Development of Credit Card and e-Banking Development of BRI e-banking transactions rose significantly in 2010. increase 114% from 9. RTGS. such as the centralization of back office. which ultimately increase speed and accuracy of service to customers.2% from 2009. the bank clearing transactions also shaved a significant increase. effective and efficient. Development of Operations Centers Development of Operations Centers basically cannot be separated from the development of businesses or transactions conducted by the existing business units at BRI. clearing.8% increase from 2009. and Treasury Transactions The transactions of RTGS (Real Time Gross Settlement) in 2010 showed a progress. 305 million ATM transactions are recorded. total inward transactions have reached Rp33 trillion with 4. In terms of Delivery Clearing. with total transaction value of Rp166. Bank Clearing. Surabaya and Bandung Clearing Areas as well as a Centralized Cash Reconciliation and Settlement of ATM Cash Differences concentrated in the Regional Offices of BRI in Java and West Kalimantan.3 million transactions per day) or increase 50.

Development Plan BRI has designed plans to anticipate more complex banking problems in 2011.17 trillion with 794 transactions.933 transactions with a total value of USD10. Compared to 2009. for debiting clearing transactions and cash movements.Quality Management Systems. Incoming NonPartnership Remittances in 2010 was recorded at 80.FOREWORD COMPANY PROFILE In terms of money market transactions. in 2010 in regard to IDR currency.5 billion. The average number of daily transactions also increased from 196.025 billion with 306 transactions. Total number and value of outgoing remittance transactions in 2010 increased respectively by 31% and 36%. In terms of forex transactions in 2010. Developing Paperless e-banking Settlement.076 transactions. Preparing implementation steps of ISO Standard 9001:2008 .954 transactions with a value equivalent to USD9. located at Regional Offices of BRI across Indonesia.99 trillion with 1.726 transactions. in regards with USD currency.13 trillion with 5. Total money market transactions in 2010 reached 3. Number and nominal outgoing remittances transactions in 2010 have significantly risen compared to 2009.5 billion. with total nominal value of Rp9.492 transactions with a value equivalent to USD15 billion in 2010. total Incoming Partnership Remittances derived from 24 partnership institutions was recorded at 410. total purchase transactions in IDR equivalent to Rp135.372 transactions. there has been a significant increase in terms of transactions or amount of transactions. sales transactions was USD20 million with 2 transactions. In terms of number of transactions. Outgoing remittances in 2009 were 22. In 2010 nominal fixed income purchase transactions denominated in Rupiah was Rp1. while lending transactions was recorded USD5. while sales transactions amounted to Rp33. while total sales transactions in IDR equivalent to Rp94.653 transactions to 410.73 trillion with 1. while lending transactions recorded at Rp95.225 transactions with a value of USD171 million. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE • • • ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.473 transactions.225 transactions per day.7 million to USD171 million. Remittance Transactions Until 2010. borrowing transactions was Rp34.43 trillion for Rupiah and USD52 million for USD.142 transactions. Developing Enterprise Reconciliation Application.31 billion with 140 transactions. 135 CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS .99 trillion with 346 transactions. The plans are: • Establish Regional Operations Centers. with average value increase from USD90. increased to 33. In terms of USD currency. borrowing transactions was recorded at USD1.76 trillion with 9. purchase transactions was recorded at USD183 million with 68 transactions.

229 0 2007 4. various and integrated features.335 14 12 376 337 179 4. . Implementation of (near) zero downtime. cost saving and mitigate the operational risk. namely: • • • • • • Providing broad access channels for customers equipped with standard. time wise and cost saving.300 0 2008 5.004 18 14 413 470 822 4. various strategies have been and will be developed and implemented gradually since 2008 until 2013. Implementation of security technologies and IT governance process . BRI is still in progess to change the application system in 1000 BRI outlets from BDS (Branch Delivery System) into BRINETS web.COMPANY PROFILE FOREWORD Information Technology and Systems TEKNOLOGI DAN SISTEM INFORMASI BRI is committed to become a modern bank.500 BRI offices to CBS BRINETS host are using web-based BRINETS application system. Utilization of multimedia and paperless technology MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BRINETS Core Banking System (CBS) Throughout 2010. time wise. To achieve this. There are 7.417 0 2009 6.924 14 12 344 230 24 4. Providing complete data access in real time and online.789 13 11 334 202 0 4. Therefore.854 17 14 406 434 728 4. Adoption of leading-edge IT (Information Technology) to follow the trend in the banking industry. BRI had great achievements in relation with gradual implementation of the ITSP. This changes will centralize the internal policy and regulations.012 BRI working units integrated in CBS BRINETS. The strategies are contained in the Information Technology Strategic Plan (ITSP) of BRI for the years 2008-2013.649 617 SUBSIDIARIES *) Including Special Branch Office and 3 Overseas Branches FINANCIAL STATEMENTS BRI 2011 136 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. mitigating the operational risks.538 285 2010 7. the first and the biggest business unit integration in Indonesia. The accesses of all 4. Currently. the shift on system and application to adhere the internal policy and regulations will be centralized. CORPORATE SOCIAL RESPONSIBILITY Total BRINET Working Units 2006 Total Working Units Regional Office Inspection Office Branch Office * Sub-Branch Office Cash Outlet BRI Unit BRI Teras 4.

communicating and conducting banking transactions through the facilities of ATM.834 1 14 2009 3. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Total e-channel Tahun ATM CDM KIOSK EDC 2006 1. cash deposit machine. BRI has prepared the infrastructure for IT data center and EAS connection. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. CORPORATE SOCIAL RESPONSIBILITY Development of Management Information Systen (MIS) MIS development is undertaken to improve the completeness of information. electronic fund transfer. Electronic Media will facilitate customers in getting information. EDC (Electronic Data Capture). 137 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . BRI needs to improve and develop electronic banking features continuously.734 20 60 6. SMS banking. BRI launched e-money prepaid card called BRIZZI by considering the potential for micro payments and the opportunity to acquire a good market of card holders and merchants.398 2010 6. In terms of business acquisition project. BRI has prepared EDC along with its infrastructure support.085 71 100 13. effective and efficient. In 2010. and Internet banking. improving the time response and data validity in presenting Commercial Bank Report of Basel II to Bank Indonesia and ATM Centralized Reconciliation.278 2007 1. phone banking. 7 days a week. In 2010 MIS developed Debtor Information System Report Application.576 2 2008 1. and timeliness in the provision and integration of data to business needs and compliance with regulations.FOREWORD COMPANY PROFILE Development of Electronic Banking To serve customers 24 hours a day.631 CORPORATE GOVERNANCE BRI continues to develop the appearance of new features in each channel access. accuracy. The use of multimedia technology and paperless information systems make the presentation more communicative. Credit Card In order to support product development of VISA issuing and acquiring. KIOSK.

To improve the Information Technology Security Awareness. BRI performs further development on application of New Cash Management Service. New Cash Management can provide comfort and convenience and increase customer confidence as well as open new customer acquisition opportunities.000 Electronic Data Capture (EDC) 20 Cash Deposit Machine (CDM) CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY Sustainable Business Planning and Disaster Recovery BRI has prepared the application of Business Continuity and Disaster Recovery Plan to maintain continuity of business operations while improving customer confidence and mitigate operational risks due to failure of infrastructure. and a number of universities host to host tuition fee payment and tuition fee obligation). 138 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. The improvements take the form of additional features. . security systems. Development Plan Information Technology in BRI is facing a formidable challenge. and rapid handling of problems. BRI's information technology also supports the process of cooperation with several institutions such as Bulog (host to host payment with third party of Bulog). availability.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS New Cash Management In order to maximize the functions of cash management services for institutional and corporate clients. Develop knowledge management systems and document management systems to support paperless banking operational process. with the following details: 4. As part of Business Continuity Management. Corrective action is taken immediately after a weakness to the system is identified. Pertamina (new host to host fuel oil purchase). speed of service. Therefore. PT Pusri (host to host fertilizer purchase). BRI has prepared Disaster Recovery Centers (DRC) at different locations than Data Centers (DC) as an alternative facility if a DC is experiencing problems. Security System and Security Awareness BRI’s technology infrastructure is evaluated and audited on a regular basis with the aim of mitigating weaknesses and fragility risks to the information technology infrastructure. the information technology infrastructure in BRI must improve its competitive advantage. in accordance with vulnerability management's standards and procedures. Add electronic banking devices until 2013. BRI conducts periodic pilot testings to ensure that this system and application will continue to function when there is damage or disaster to the infrastructure of BRI's information technology in DC. Facing the information technology challenge in 2011. BRI has implemented the Security Awareness program to all of BRI’s employees. application systems and information technology. To guarantee performance of this system. some strategic plans were made: • Complete the infrastructure and develop e-channel implementation in order to support the business needs and business competitiveness and compliance to the rules and regulations Build new BRI Data Center at the IT building as second data center to increase availability and business continuity. Implement tools and redundant communications networks in each BRI working unit. Business competition in banking industry augments the need to develop the business further. user friendliness. • • • • FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES The Availability of Communication Network In line with the very rapid development of BRI network and operations along with additional online working units that keeps on increasing. BRI has maintained the availability of a communication network that is supported by continuous supervision through the enterprise monitoring system and used a redundant and different communication media such as satellite and fiber optic.000 Automatic Teller Machine (ATM) 30.

focused and guided in supporting the business of the company. to take notes and record procurement transactions. accurate. Thus. It is expected that. management of fixed assets and logistics of the company can be done more efficiently. distribution. For that. the needs for fixed assets and logistics must be met speedily. efficiently and effectively by always inplementing Good Corporate Governance (GCG) principles so that the company does not lose its business momentum. Development process is focused on aspects of planning and control. the needs for optimal management of fixed assets and demand for meeting logistics needs in a timely manner will continue to increase.FOREWORD COMPANY PROFILE Fixed Assets and Logistic Management MANAJEMEN AKTIVA TETAP DAN LOGISTIK In line with business development and network expansion. In the long term. flexibly. In order to meet the increasing needs of company logistics. BRI has improved fixed assets management policies and integrated research to obtain a real picture and condition of the company's fixed assets in the field. scale of priorities and budget availability. The company has also continuously made improvements to the general logistics policy of the company to adjust to its business development and the laws and regulations applicable to State-Owned Enterprises. In order to better guarantee procurement activity of goods and services speedily. informative and up to date fixed asset data. flexibly. The company's policy in logistics cover the implementation of decentralization process in procurement of goods and services to the rank of Regional Manager with adequate authority. among others. professionally. so the procurement process can be conducted in accordance with business needs. efficiently and effectively the company has prepared a Service Level Agreement (SLA) for logistics activities by always observing GCG principles. The process of procurement needs to be done on an sustainable basis. transfer and removal of fixed asset data in the system. BRI continues to carry out assessment and development of SIM-AT in order to guarantee the availability of complete. For that. the Company carries out a series of organizational changes within the working units to implement management functions on fixed assets and logistics. with the new organization. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. the Company has plans to implement office automation with the implementation of e-logistics and e-procurement as part of the increased speed and effectiveness and efficiency of service. BRI relies on the Logistics Management Information System (SIM-AT) which has been integrated in managing fixed assets across Indonesia. 139 MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . activities to meet the requirements of products and services can be done effectively and efficiently at the same time support the role of Regional Offices in improving the performance of their working units.

namely protect capital and optimize risk and return relationship. or known as sub-RMC. BRI's overall risk profile during 2010 remained at low to moderate Risk category by achieving a score of 2. BRI must always be responsive to interruption and immediately restore the bank's operations during and after an interruption/disaster. BRI has earned an assessment between strong and acceptable. BRI's risk management is implemented with three lines of defense. BRI has disseminated risk management information throughout its working units all over Indonesia through training and communication through print ing and electronic media (Memo Perisma and BRI internal portals). and ORMC (Operation Risk Management Committee).COMPANY PROFILE FOREWORD Risk Management MANAJEMEN RISIKO Implementation of an integrated risk management system is one of BRI's commitment to minimizing potential losses faced by BRI. In the application of risk management. In composite. Besides RMC. 3. Implementation of BRI Risk Management In an effort to implement risk management in all working units. Creating a Risk Aware Culture. operations and services. The Risk Profile consists of inherent risk (the risk inherent in bank's activities prior to the control) and risk control system (control of inherent risk) to 8 (eight) types of risks involved in 7 (seven) BRI functional activities of credit. both in normal condition and/or disaster and interruption. namely: 1. Risk Management has an important role in improving the quality of bank risk management in order to achieve bank goals through two aspects. strategies and work programs to support the achievement of objectives i. Third line of defense refers to internal audit units functioning to control through evaluating first and second line of defense as well as reporting to the President Director and the Board of Commissioners independently. market risk. BRI's Aggregate Risk Assessment through Self Assessment process produces the Risk Profile. RMC Meeting is held at least once in every three months.e. safeguard its assets and appropriately respond in a situation of interruption or disaster. BRI has set targets. . BRI is still at low to moderate level. to discuss specific problems of a certain type of risk in need of an immediate response can be decided through a limited RMC meeting. In terms of risk control system. IT system. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 140 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. MRMC (Market Risk Management Committee). Second line of defense refers to risk management working units monitoring fulfillment of the bank's risk management in accordance with risk appetite and set policies. trade finance. To safeguard the bank's business continuity. the Board of Directors is assisted by the Risk Management Committee (RMC) as the highest body of BRI's risk management system. funding. First line of defense refers to business/operations working units as the parties responsible for implementing internal control functions and maintaining the quality of output and business process in accordance with the established policies and procedures. b. Business Continuity Management In the increasingly competitive banking environment. There are three sub-MRC namely CRMC (Credit Risk Management Committee).: a. established to discuss problems in connection with credit risk. and support. In managing business risk exposures and determination of the Risk Management System. CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS c. 2. treasury. the Board of Directors and the Board of Commissioners play an important role in supporting and overseeing the success of its application in all working units. guidelines and working unit's business/ operation risk limits independently. both for inherent risk and risk control system.10 with a stable trend. so that risk exposure as a whole does not exceed the capital capacity of BRI. operational risk and other risks. BRI has developed Business Continuity Management policies and procedures so that BRI can maintain the continuity of a critical business process.

In order to maintain quality of loan portfolio. Credit risk is the biggest component in BRI business risk portfolio. treasury and investment. credit risk measurement simulation for BI Quantitative Impact Study to proposing a draft Regulation on Standardized Approach to BI. 141 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . Credit risk can come from various bank functional activities such as lending (provision of funds). BRI has assessed calculation of credit risk limit including credit concentration limit and routinely monitors actual credit risk exposures based on portfolio. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. the application of risk scoring system.7 trillion or 53. Given the complexity and magnitude of credit risk exposure at BRI.67% of total capital. participations. per business segment and per economic sector.FOREWORD COMPANY PROFILE Implementation of Credit Risk Management Credit risk refers to risk that occurs due to failure of the counterpart to fulfill obligations. b. credit risk limits need to be set so that credit risk potential losses that have arisen can still be absorbed by the allocated capital. To ensure that activities are in lending are carried out prudently. The main principle in managing credit risk includes separation of loan officers . For that. loan initiation process must follow sound lending procedures. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS In addition. and other claims/assets such as internal/external receivables). Conduct manual preparation of the Standardized Approach manual based on BI consultative paper. LGD/Loss Given Default and EAD/Exposure at Default). CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY a. Perform application development of collateral data and recovery rate per debtor to be part of the LAS (Loan Approval System) and reporting module. c. the allocated capital to cope with credit risk amounted to Rp16. BRI needs of MIS and CRM (Credit Risk Management) systems Simulate measurement of credit risk by using the Internal Rating Based Approach (IRBA) and conduct review of IRBA regrouping exposures in accordance with Basel II. Conduct stress testing (with various scenarios. BRI products/claims that have credit risk exposure are loans and non-loans (placements. but management demand to implement good credit risk management systems in accordance with best practices in banking. Credit Risk Modelling (PD/Probability of Default. d. In accordance with the Minimum Capital Requirement Report in 2010. BRI is also one of the banks that has made a Stress Testing analysis presentation before Bank Indonesia and IMF/World Bank in accordance with the Financial Sector Assessment Program (FSAP) and made an estimation on Macro Credit Risk Stress Testing based on macroeconomic data from Bank Indonesia (baseline scenario) and IMF (stress scenario). including worst case scenario) through bottom-up using customers' cash flow for corporate debtors and by using past performance portfolio data for MSME debtors. Relationship Management and Credit Risk Management. Based on the assumption of 8% CAR. Credit risk activities done by BRI during 2010 were: e. in 2006. thus expected to encourage the business activity-oriented bank to optimize risk and return and capital adequacy of the bank to absorb losses due to credit risk. BRI continues to apply prudential principles in the loan initiation process. the implementation of four eyes principle. In addition. BRI has formed Project Team of Credit Risk Basel II which is responsible for developing and implementing credit risk management with the Standardized approach and the Internal Rating Based Approach. Application of credit risk management at BRI is not only intended to place BRI as a bank that adheres to regulations. and trade finance. credit risk is calculated using the standard method. and separation of problem loan management. which are recorded in both banking book and trading book. Conduct policy review of the use of CRR-CRS (Credit Risk Rating-Credit Risk Scoring). with reference to external conditions and macroeconomic conditions in 2010.

Primary Risk Indicators (IRU).COMPANY PROFILE FOREWORD Implementation of Market Risk Management Measurement of market risk (interest rate risk and exchange rate risk) is done through the standardized approach method in accordance with PBI No. In 2010. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE 142 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. In the application. Review policies and implementation of Risk Management Function in each working unit in managing and monitoring risk. Incidental Management (MI) to all Operational Work Units (UKO). With this application. among others: a. Review operational risk measurement with Basic Indicator Approach (BIA) and The Standardized Approach (TSA). Simulate calculation of operational risk by using The Standardized Approach (TSA) and Advanced Measurement Approach (AMA). . capital allocated to cope with operational risk amounted to Rp2. b. BRI is expected to be able to monitor daily market risk more promptly and accurately (risk sensitive). This function is inherent with the officer/supervisor at the nominated working unit responsible for the application of risk management and the enhancement of risk conscious culture of employees at its working unit. as well as improvement to the policies and procedures of Operational Risk Management (MRO) devices. BRI has implemented the Treasury and Market Risk (GUAVA) application system. line with efforts to implement operational risk management. By using the approach. d. e. middle office and back office. To support AMA application.37% of total capital. 5/12/PBI/2003. which is an integrated system used by front office (dealers). By using this approach. Application of Risk Management Forum (FMR) as a venue or meeting forum between the leaders of working units and their workers to address issues (risks) inherent in business activities or operations. measurement of market risk has used an internal model (Value at Risk). Continue the development of gross income reporting system in accordance with business line mapping of BRI and Basel.6 billion or 0.96% of total capital. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Implementation of Operational Risk Management Operational Risk Measurements are carried out using the Basic Indicator Approach (BIA). BRI has implemented Risk and Control Self Assessment (RSCA).2 trillion or 6. capital allocated in 2010 to cover market risk amounted to Rp114. c. BRI has done important things.

2. 3. Compliance risk is actually inherent on all business and operational activities. g. MI. Legal risk at the corporate level is managed by the Legal Division. socialization and guidance are done to employees in all working units of the legal aspects on each business and operational activity. especially related to the prevailing laws and regulations and other provisions. 6. so that the legal risk can be mitigated optimally. including development of risk-based performance measures (risk-adjusted performance measurement/ RAPM). To assist the risk responsible party in identifying. controlling and monitoring legal risk. Formulation of policy and methodology of internal models for market risk associated with the implementation of treasury applications system and market risk. Perform simulation and stress testing review of Market Risk and Credit Risk. Maturity Assessment and reporting the implementation of FMR. 143 CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . Review guidelines for measuring credit risk according to Basel II with the Standardized Approach (SA) and Internal Rating Based Approach (IRBA) in accordance with applicable regulations. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Evaluation and updating liquidity risk management policies predetermined by the management. so that the responsibility for risk management responsibility and mitigation of legal risk is with all risk owners. called OPRA (Operational Risk Assessor) that includes RCSA.FOREWORD COMPANY PROFILE f. Development of enterprise-wide risk management. Business Plan Risk management program to be conducted in 2011 are: 1. through disseminination of information together with OPRA application training in several Regional Offices. 5. legal risk and strategic risk in accordance with Bank Indonesia regulations. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS In addition to that. Corporate Secretariat Division has identified and reported the reputation risk profile to the Board of Directors. Periodically. Review policies and methodologies of Credit Risk Rating (CRR) and Credit Risk Scoring (CRS) according to applicable regulations and monitoring application and implementation of CRR and CRS as redesign results. measuring. Continue BRI pilot test implementation in the preparation of disaster condition (Business Continuity Management/MKU). compliance risk. Compliance Division is the coordinator of compliance risk that reports periodically to the Board of Directors. Strategic risk at corporate level is managed by the Strategic Planning and Business Development Division. Perform application development (software) of MRO device. Legal risk can arise from any business and operational activity in all working units. 4. OPRA application facilitates the application of MRO and as a preparation process to calculate operational risk capital charge using the Advanced Measurement Approach (AMA). IRU. Strategic risk indicator is the bank failure in achieving the target due to unsuitable business decisions. BRI has managed reputation risk. This Division is responsible for determining the bank's strategic plan (corporate plan) and business plan for a period of 3 years as well as monitoring and evaluating the implementation. Corporate Secretariat Division has been designated as the coordinator of reputation risk management at the corporate level.

and formulations. Evaluation of credit risk policies. Loss Given Default (LGD) and Exposure at Default (EAD) after LAS implementation thoroughly. Improve implementation effectiveness of the Business Continuity Management with relevant working units. Preparation of the implementation of Standardized Approach (SA) and Advance Measurement Approach (AMA) 10. Review implementation effectiveness of Operational Risk Management (RSCA. 8. MI) using OPRA application. IRU. Adequacy testing of risk management on New Products and/or Activity (PAB) MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS 144 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. including testing the Call Tree and Switch Over DCDRC (Data Center .Data Recovery Center). FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE Testing Probability of Default (PD). methodologies.COMPANY PROFILE FOREWORD 7. 9. 11. 12. .

Banking industry is a fully regulated industry to maintain the customer trust and ensure business sustainability Discipline . and discipline. The game order teach the players to be work in order. honest.Chapter Corporate Governance 4 Congklak (Indonesian Mancala) is played by moving the seeds from the holes in sequential order.

the Board of Directors and all BRI’s personnels are committed to implement the principles of Good Corporate Governance based on the values of BRI Corporate Culture: integrity. customer satisfaction. BRI is obliged to submit the GCG report. As one of the indicators that the corporate governance is well implemented. BRI made some improvements in its policy regarding Good Corporate Governance (GCG) in a Joint Letter of the Board of Commissioners and the Board of Directors No. corporate governance implementation is based on internal rules and regulations and the GCG principles. the implementation of Good Corporate Governance is a must. The values in the corporate culture have been implemented in the Company. To strengthen these commitments. professionalism. 01-KOM/BRI/03/2010–No. to comply with the prevailing Bank Indonesia regulations and to improve BRI performance in order to gain more trust from investors. . and become the base of BRI Codes of Conduct resulted in a clear and measurable objectives that leads to Good Corporate Governance. CORPORATE GOVERNANCE Bank Rakyat Indonesia (BRI). In addition to the Board Manual. leadership.14-DIR/DKP/03/2010 dated 8 March 2010. with the Board of Commissioners. and respect to human resources. protecting the stakeholder interest. GCG Implementation in BRI 2010: FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 146 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.S. and complying to prevailing rules and regulations. BRI understands that besides increasing business performance.FOREWORD Introduction COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS To ensure sustainable value for the company.

COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS • • CORPORATE GOVERNANCE CORPORATE GOVERNANCE • CORPORATE SOCIAL RESPONSIBILITY • In 2010. therefore by referring to Article 23 of Law No. BRI organized 2 (two) GMS. this authority not granted to the Directors and the Board of Commissioners. Annual General Meeting of Shareholders (AGMS) AGMS is held at least 6 (six) months after the financial year ends and in the meeting.I. 40 year 2007 on Limited Liability Company. General Meeting of Shareholders General Meeting of Shareholders (GMS) is the Company’s instrument with the authority as set in Law No. • Proposal to appoint Public Accountant Firm to audit Company’s current fiscal year performance based on the proposal submitted by the Board of Commissioners or authorize the Board of Commissioners to appoint Public Accountant Firm. unless the Articles of Association stated otherwise. Number. then pursuant to Bapepam-LK. 147 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS .FOREWORD The Structure of Good Corporate Governance I. Company must announce in two Indonesian Newspaper In accordance with BRI as public listed company and to unify the information related with the plan or implementation of GMS. Company would inform Bapepam-LK at least 7 (seven) days before the Announcement. According to Law of Limited Liability Company and Articles of Association. Annual General Meeting of Shareholders (AGMS) is a forum for shareholders to obtain company information from the the Boards of Directors and/or the Board of Commissioners according to the Meeting’s Agenda and other Company related information. Annual General Meeting of Shareholders and Extraordinary General Meeting of Shareholders. AGMS consists of: a. IX. • Proposal on how to utilize Company Net Profit if the Company have profit. then within 5 (five) months after the financial year ends. The company must submit the report of the GMS at least 2 (two) days after the completion of GMS by announcing it publicly in minimum 2 (two) Indonesian newspapers. Each share issued have 1 (one) voting right. 14 (fourteen) days before.1. the Board of Directors present: • Annual Report. Extraordinary General Meeting of Shareholders It can be held according to the Company’s need based on Article 24 of Company’s Article of Association. and one of them is nationally circulated. BRI’s Board of Directors must submit Annual Report to AGMS for validation. And after the General Meeting of Shareholders. Prior to invitation. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. • Invitation to GMS is made by registered mail/print-ad 14 days at the earliest before the planned date of the meeting excludes the date of Invitation and the meeting. 19/2003 regarding State Owned Enterprise. The Board of Director to hold Annual General Meeting of Shareholders and extraordinary General Meeting of Shareholders after prior Announcement and invitation to GMS. BRI is a Stated Owned Enterprise. • Other company-interest issues requiring General Meeting of Shareholders’ approval without undermining the provisions of Articles of Association. b.

RPC-11168 date 24 March 2010 that fully release and discharge the obligations to Board of Directors and Board of Commissioners on their management and supervisory roles in the fiscal year ended in 31 December 2009 provided that such actions is not criminal in nature and reflected in the Company’s Book. .COMPANY PROFILE FOREWORD Annual General Meeting of Shareholders 2010 Annual General Meeting of Shareholders (AGMS) BRI in 2010 was held on 20 May 2010 in Auditorium. Agenda 2 : Validation of Partnership Program and Community Development Report for Fiscal Year 2009 Decision on Agenda 2: Validation of Partnership Program and Community Development Report that has been audited by public certified accountant Herman Dody Tanumihardja & Partners as written in a report No. in accordance with the AGMS’ provision on quorum which stated in Company’s Articles of Association.709 shares or 80. • Call of AGMS in 2 (two) daily Indonesian newspapers Kompas and Bisnis Indonesia on 5 May 2010.448. 29/GA/HDT-DH/PKBL-BRI/V/2010 dated 30 March 2010 that fully release and discharge the obligations of Board of Directors and Board of Commissioners on their management and supervisory roles in Partnership Program and Community Development provided that such actions is not criminal in nature and reflected in the Annual Report of Partnership Program and Community Development. Decision of Agenda 1: Approving the Annual Report of 2009 including the Board of Directors Report and Board of Commissioners’ Supervisory Task for Full Year 2010 that have been audited by Public Accountant Firm of Purwantono. Thus. and Sandjaja in accordance with Report No. Sarwoko.922. BRI I Building 21st Floor and attended by shareholders owning 9.48% from all the total issued shares. • Announcement in 2 (two) daily Indonesian newspapers Kompas and Bisnis Indonesia on 19 April 2010. Agenda and Decision of AGMS 2010: Agenda 1: Approval on Annual Report and Board of Commissioners Supervisory Report of FY 2009 and Submission of Report on The Actual Use of the Proceeds from Initial Public Offering (IPO). FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 148 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 2010 AGMS may produce a valid and binding decision. The process of AGMS 2010 were: • Submitting the agenda of AGMS 2010 to Bapepam-LK on 12 April 2010.

815. b. 2. Giving the authority and power to the Board of Commissioners to decide honorarium.. and tantiem for Board of Directors and Board of Comissioners.248. honorarium.16% from net profit of Fiscal Year 2009. Deciding to give tantiem for Board of Directors and Board of Commissioners for Fiscal Year 2009 of 1.141. Approval on the distribution of company net profit for the period of 1 January 2009 to 31 December 2009 with the following split: a. CORPORATE GOVERNANCE CORPORATE GOVERNANCE 3.FOREWORD COMPANY PROFILE Agenda 3 : The use of Company Net Profit of Fiscal Year 2009 Decision on Agenda 3: 1.192. 2. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 30% or Rp2. Agenda 4: Defining the amount of salary. 54% or Rp3...498.retained as the dividend for fiscal year 2009.946. c. 2. d.32 as Retained Profit. To authorize the Board of Commissioners in appointing Public Accounting Office to audit the Company's financial Report and Partnership Program and Community Development Report of fiscal year 2010 and deciding the fee and other requirements in accordance with prevailing regulations. benefits/facility including tantiem and post-tenure compensation for the Secretary of Board of Commissioners effective since the closing of the AGMS until such authority is revised or withdrawn by the AGMS.497. Decision on Agenda 4: 1.for Community Development Program. SUBSIDIARIES 2.879. MANAGEMENT DISCUSSION AND ANALYSIS Granting the authorization and power to the Board of Directors to set the schedule and procedure of dividend distribution of fiscal year 2009 according to prevailing regulations. To authorize the Board of Commissioners in appointing Public Accounting Office to audit the Company's financial Report of fiscal year 2010 and deciding the fee and other requirements in accordance with prevailing regulations. CORPORATE SOCIAL RESPONSIBILITY Agenda 5: 1. Deciding that no changes for the salary/honorarium of Board of Directors and Board of Commissioners for 2010 and it will be the same as the salary/honorarium as decided in AGMS in 19 May 2009. Decision on Agenda 5: 1.749. 149 BRI 2011 FINANCIAL STATEMENTS .916. Appointment of Public Accounting Office to audit Financial Report Fiscal Year 2010.786.487.for General Reserve. 3% or Rp219.477. Appointment of Public Accounting Office to audit the Report of Partnership Program and Community Development for Financial Year 2010. 13% or Rp950.077.

Sofyan Basir as President Director. Mrs. Achmad Baiquni as Director.COMPANY PROFILE FOREWORD Agenda 6: Transfer of authority to Board of Commissioners to add capitals in the form of MSOP as agreed in Company's AGSM. 2. subsequent to successful Fit & Proper Test to comply with prevailing regulations. 4. FINANCIAL STATEMENTS 150 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. and Mr. The company acknowledge with gratitude his contribution during his tenure as the director of the Company. 3. 4. Adhyaksa Dault as Independent Commissioner. Appointing: 1. Soedarjono as Vice President of Commissioner. 3. The duties and responsibilities of the Board of Commissioners members will be carried out according to Article 12 point 17 of Company's Articles of Association. subsequent to successful Fit & Proper Test to comply with prevailing regulations. Adhyaksa Dault that would be effective after Bank Indonesia's approval. Sudaryanto Sudargo and Tuan Abdul Salam as the directors effective from the the closure of the meeting. Mr. Mr. Mr. CORPORATE SOCIAL RESPONSIBILITY The appointment of the members of the Board of Commissioners is effective since the closure of the meeting. BRI 2011 SUBSIDIARIES 6. The company acknowledge with gratitude his contribution during his tenure as the Commissioner of the Company. Soedarjono. Honorably discharge Mr. Decision on Agenda 6: Approval on granting the authority and power to the Board of Commissioners to add paid-in capital in the form of Management Stock Option Plan (MSOP) as has been agreed in Extraordinary GSM on 3 October 2010 and its revisions. except for Mr. except for Mr. Djarot Kusumayakti as Director. 3. Appointing: 1. Mr. The tenure of the newly appointed Commissioners will be 5 years and would end at the closing of AGMS in the fifth year. Achmad Baiquni and Mr. . Granting substitution right to the Board of Directors to take any actions related with the actions of the meeting according to prevailing regulations. Honorably discharge Mr. 5. Agus Pakpahan as the Commissioner effective from the the closure of the meeting. Aviliani as Independent Commissioner. Heru Lelono as Commissioner. Mr. CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 2. The tenure of the newly appointed Commissioners will be 5 years and would end at the closing of AGMS in the fifth year. 2. Djarot Kusumayakti that would be effective after Bank Indonesia's approval. Agenda 7: Changes in the structure of Company's Board of Directors and/or Board of Commissioners. The appointment of the members of the Board of Commissioners is effective since the closure of the meeting. including but not limited to enlist the structure of the Board of Commissioners and Board of Directors. Mr. Mr. Decision on Agenda 7: 1. Heru Lelono.

023 or 88.030. CORPORATE SOCIAL RESPONSIBILITY 2.68 dated 29 December 2009 signed before Rusnaldy. Kompas and Bisnis Indonesia on 25 October 2010.508 shares or around 83. a Notary in Jakarta.239.FOREWORD COMPANY PROFILE Extraordinary General Meeting of Shareholders 2010 (EGMS) EGMS year 2010 was held in 24 November 2010 in Auditorium. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BRI I Building 21st Floor and attended by shareholders owning 10.78% therefore it is in accordance with quorum provision stated in Company’s Articles of Association and EGMS is valid and may produce an valid and binding decision.65% to total shares issued and fully paid of Bank Agro from Dapenbum as written in the Deed of Meeting Decisions of Bank Agro No.510. Approving Acquisition Plan and Deeds of Acquisition Draft. Kompas and Bisnis Indonesia on 9 November October 2010. Approval to directly acquire 3. Agenda and Decision of Extraordinary AGMS 2010: Agenda 1: MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE Approval to acquire the shares of Dana Pensiun Perkebunan (Dapenbun) to at least 76% in PT Bank Agroniaga Tbk. according to Sales Agreement dated 19 August 2010 and prevailing rules and regulations. 151 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . 3. Agenda 2: Approval to initiate stock split and revise Article 4 of Company's Article of Association on stock split. Granting substitution right to the Board of Directors of the Company to take any actions related with the actions of the meeting according to prevailing regulations. It includes the reduction and or addition of share ownership to at least 76% from total shares issued and fully paid in Bank Agro.331. SH. • Call of EGMS was published in 2 (two) Indonesian daily newspapers. Decision on Agenda 1: 1. (Bank Agro) including Acquisition Plan and Deeds of Acquisition Draft. • Announcement was made in 2 (dua) Indonesian daily newspapers. The steps in conducting EGMS were: • Submission of Extraordinary AGMS Agenda 2010 to Bapepam-LK on 15 October 2010.

00 comprising of: • • To Company authorized capital of Rp15.COMPANY PROFILE FOREWORD Decision on Agenda 2: 1.999. Approval to split the stocks of Series A Dwiwarna and Series B from Rp500 per share to Rp250 per share or 1:2 ratio. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY Granting the authority with substitution right to the Board of Directors to split the nominal value of the shares according to prevailing regulations.000. MANAGEMENT DISCUSSION AND ANALYSIS Revision of Articles 4 point (1) of Company's Article of Association changing the Company's Authorized Capital from Rp15. 59.999. 1 share of Series A Dwiwarna will be maintained as Series A Dwiwarna shares belongs to state of Republic of Indonesia at the value of Rp250.999. 29. 2. 1 share of Series A Dwiwarna will be changed into 1 share of Series B belongs to state of Republic of Indonesia at the value of Rp250.. 152 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.000.per share. CORPORATE GOVERNANCE 4.00 comprising of: • • 1 Share of Series A Dwiwarna.000.000.000.999 shares of Series B at Rp500 per each share. . including but not limited to set the schedule of the split and revise the articles of association in a separate deed before the notary.. announce and register such revisions of articles of association to the authorities as required by the regulations. Provisions of splitting of previous Series A Dwiwarna stocks to 2 shares with new value: a.000. 1 Share of Series A Dwiwarna. b. Each share has a nominal value of Rp250.999 shares of Series B.999.000.000.per share. 3.

BRI 2011 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 1 2 3 4 5. 153 FINANCIAL STATEMENTS .S. Authorities. 1. The Board of Commissioners A.8/4/PBI/2006 as revised by PBI No. MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE Composition of the Board of the Commissioners as of 1 January 2010 No.FOREWORD COMPANY PROFILE II. and Obligations of the Board of Commissioners 1. this is not exceeding the number of Directors (10 directors). 4. 3. The Duties. There were 7 members of Board of Commissioners including 4 Independent Commissioners. Composition and Criteria and Independency of the Member of the Board of Commissioners Bank Indonesia Regulation (PBI) No. 2. 8/14/PBI/2006 regarding the Implementation of GCG for Commercial Bank stated that the bank should have Independent Commissioners comprised of at least 50% of the total members of the Board of Commissioners. To comply with that requirements and to support the GCG of the bank. Kusmuljono Baridjussalam Hadi Aviliani Position President Commissioner Commissioner Commissioner Independent Commissioner Independent Commissioners Independent Commissioners CORPORATE SOCIAL RESPONSIBILITY Composition of the Board of the Commissioners from 20 May 2010 to 31 December 2010 No. 5 6 Name Bunasor Sanim Agus Suprijanto Agus Pakpahan B. Name Bunasor Sanim Soedarjono *) Agus Suprijanto Heru Lelono *) Baridjussalam Hadi Aviliani Adhyaksa Dault **) Position President Commissioner Vice President of Commissioner Commissioner Commissioner Independent Commissioner Independent Commissioner Independent Commissioner SUBSIDIARIES * effective from 20 July 2010 as Commissioner upon obtaining approval from Bank Indonesia after conducting fit and proper test. the shareholders in the AGMS have agreed to appoint Independent Commissioners with the main responsibility to monitoring the bank and its subsidiaries operation as of 31 December 2010. Therefore the number and composition of the Board of Commissioners comply with prevailing regulation. The Number. 6 7.

the Board of Commissioners is authorized to. Bank’s business plan. Risk Management Supervisory Committee The Board of Commissioners is responsible to provide an opinion and approval over the corporate plan.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS All member of The Board of Commissioners have the integrity. request clarification from the Board of Directors and/or other executives on issues pertaining to the Bank. 2. as well as oversight on rules under the Articles of Association. . and to establish Committees to support the effectiveness of the Board of Commissioners’ duties and responsibilities. Nomination and Remuneration Committee 3. Bank’s business plan. and secretary. organizational structure. b. Board of Commissioners Guidelines To perform its duties and responsibilities. and Board of Commissioners Guidelines. In relation with the above duties. resolution of the GMS and prevailing laws and regulations. All members of the Board of the Commissioners do not hold concurrent position as Commissioner. Joints Decision Letters between Board of Commissioners and Board of Directors. All members of the Board of Commissioners do not have financial and familial ties with other members of the Board of Commissioners and the Board of Directors. The Board of Commissioners is responsible for overseeing the policies and management in general. whether of the Bank or of its businesses under the management of the Board of Directors (BOD). Audit Committee 2. Director. Other responsibilities include among other things is to propose at the General Meeting of Shareholders on the appointment of the Public Accounting Firm that will audit the Bank’s financial statement. Company’s budget and work plan. or Executive officers in any other banks with the exceptions as stated in PBI regarding GCG implementation in commercial bank. Committees established by the Board of Commissioners are: 1. The Board of Commissioners 154 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BRI 2011 SUBSIDIARIES 3. and other technical matters regarding the administration of the Board of Commissioners institution. and excellent financial reputation backgrounds. CORPORATE SOCIAL RESPONSIBILITY c. working time and meetings. Company’s budget and work plan as well as other Company’s plans that are submitted by the Board of Directors in accordance with the Article of Association. The Board of Commissioners Guidelines among other things contains information on: working guidelines for the member of the commissioners. among other things. Board of Commissioners always refer to the Articles of Associations. CORPORATE GOVERNANCE The Duties and Authorities of the Board of Commissioners a. and may invite the Board of Directors if required. and giving advice to the BOD including oversight on the implementation of the corporate plan. committees. in line with the interest of the Bank as well as its goals and objectives. competence. tasks and functions. the meeting of the Board of Commissioners is held at least once in a month or at any time if necessary. FINANCIAL STATEMENTS Frequency of the Board of Commissioners Meetings Pursuant to procedures stipulated in the Article of Association.

2. Supervisory Report of DPLK BRI Financial Report 2009. 4. Members’ attendance in the Board of Commissioners Meetings 2010: No. Approval and Recommendation of the Board of Commissioners to the Board of Directors regarding The Duties. Supervisory Report on the Bank’s Business Plan Realization of Semester II-2009. Approval of Bank’s Business Plan 2011-2013.FOREWORD COMPANY PROFILE meeting is legal and authorized to make any binding decisions if more than 50% of its members are present or represented in the meeting. *) Effective as Commissioner since 20 July 2010 upon obtaining approval from Bank Indonesia on fit and proper test. j.23 MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE *) Effective of May 20th. 7. c. 2010 is no longer member of the Board of Commissioners. 155 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . 1. Exit meeting results of BI Audit on loan Activities in Retail Segment as of June 2010. and Obligations of the Board of Commissioners: In 2010. If the consensus is not reached.54 69. The Board of Commissioners provides the following approvals and recommendations to the Board of Directors: a. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Approval on Exceptions of the Board of Director Consultancy to the Board of Commissioners regards the Loan Facility to Subsidiary of State-Owned Companies. Kusmuljono *) Heru Lelono **) Adhyaksa Dault **) Position President Commissioner/Independent Vice President Commissioner Commissioner Independent Commissioner Independent Commissioner Commissioner Independent Commissioner Commissioner Independent Commissioner Number of Meetings 27 13 27 27 27 13 13 13 13 Attendance 25 12 22 23 25 13 13 8 9 % 92. 5. Approval for the Annual Budget and Work Plan of 2011.00 100. k.48 85. i.19 92. Feedback on the Board of Director Consultation with the Commissioners in Loan Approval. Authorities. 6. Name Bunasor Sanim Soedarjono **) Agus Suprijanto Aviliani Baridjussalam Hadi Agus Pakpahan *) B.S. The decision of the meeting is made in consensus and it is legal and should be obliged by all members of the Board of Commissioners and will be made in consensus. Supervisory Report on the Bank’s Business Plan Realization of Semester I-2010. Realization of the Business Plan and The Bank’s Health Level at the Q2-2010. 9. it should base on the affirmative votes by more than a half of the valid voters in the related meeting. f. Approval for funding to Related Parties.59 100. Realization of the Business Plan and The Bank’s Health Level at the Q4-2009. b. h.00 61. d. Approval for the revised Annual Budget and Work Plan of 2010. Approval of the Board of Directors decree on Anti Money Laundering and Terrorism Funding Prevention. 3. Approval of Bank’s Business Plan 2010-2012 along with its Revision.59 92. Follow Up on Bank Indonesia’s Audit Report n. 4. e. l. g. CORPORATE SOCIAL RESPONSIBILITY 4. o.31 81. m.

Audit Committee. Honorarium. the Board of Commissioners and the Board of the Secretary of the Board of Commissioners of the bank. Recommendation and Advice from the Board of Commissioners regarding the visit to several BRI outlet. r. v. Approval on the Guidance of the Implementation of Know Your Customer Principles (P4MN) of DPLK BRI. Nomination and Remuneration Committee review the policy annually. the decree of Minister of SOE No. 117/M-MBU/2002. CORPORATE GOVERNANCE u. Approval on the appointment of Director of Compliance. s. (BRC) Hong Kong. is established to support the Board of Commissioners in its supervisory and 156 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Feedback on Report of Internal Audit Results for Q1-2010. FINANCIAL STATEMENTS BRI 2011 Joint Letter of the Board of Commissioners and Board of Directors regarding Bank’s (GCG) Policy. and Company performance. AUDIT COMMITEE: The establishment of BRI Audite Commitee based on decree of the Head of BapepamLK No. Approval to Written Statement of Founder regarding the Revision to BRI’s Pension Fund regulations. The Board of Commissioners formulates and stipulates other facilities and benefits for member of the Board of Commissioners and Board of Directors in a Remuneration Policy based on the recommendation form Nomination and Remuneration Committee. Approval on the Proposal and Acquisition Plan of PT Bank Agroniaga Tbk. The Board of Commissioners submits the proposal of Salary. Approval on the Acquisition and Development of BRIngin Remittance Co Ltd. x. aa. af. Approval on Granting Money Market Line Facility to PT Bank BRI Syariah. Approval on Liquidity Risk Management Policies of BRI. y. MANAGEMENT DISCUSSION AND ANALYSIS Procedure of Remuneration for Member of the Board of Commissioners Decision on Salary. . Principal Permit for the Appointment of Public Accountant Firm by BRI DPLK Monitoring Board. Recommendation on the extension of tenure for members of the Committee under the Board of Commissioners. Approval on the appointment of Public Accountant Firm for General Audit of Financial Report 2010. and Law No. economic conditions. Decree of the Board of Commissioners about remuneration of the Board of Directors. t. and Tantiem of the Board of Commissioners and the Board of Directors to the Dwiwarna Series A shareholder to be approved by the GMS. w. 8/4/PBI/2006 as revised by PBI No. 8/14/ PBI/2006 concerning the Implementation of Corporate Governance for commercial bank. ae. Honorarium. Approval on Interim Dividend Payment. KEP-29/PM/2004. 19 of 2003 dated 19 June 2003 regarding SOE and Committee Audit Charter. CORPORATE SOCIAL RESPONSIBILITY B. ac. SUBSIDIARIES ad. q. and Tantiem for the Members of Board of Commissioners and the Board of Directors is decided by GMS. ab. z.COMPANY PROFILE FOREWORD p. Committees of Commissioners the Board of 1. PBI No. Feedback on Memorandum on Audit Results and Company Performance up to April 2010. Other facility and benefits for the member of the Board of Commissioners and the Board of Directors shall be decided by the Board of Commissioners pursuant to Articles of Association. and prevailing rules and regulations. The proposal is based on according to the recommendation provided by Nomination and Remuneration Committee after considering market practice. 5. Recommendation and Advice regarding the follow up of meeting between the Board of Commissioners and the Board of Directors as well as Divisions.

IPB since 2007. and Soedarjono are available in the Member of Commissioners’ profile. Expertise and Independency of Audit Committee BRI’s Audit Committee consists of a chairperson who is an Independent Commissioner. The composition have met the requirements stated in the decree of the Head of Bapepam-LK No.FOREWORD COMPANY PROFILE monitoring duties and functions to advice the Board of Directors on matters related with financial information. Jakarta (2000). a member who is also an Independent Commissioner.C. PT Pan Indonesia Bank. Royke Singgih Dedi Budiman Hakim Syahrir Nasution Position Chairman Member Member Member Member Proffesion Independent Commissioner President Commissioner/Independent Commissioner Non-Commissioner Non-Commissioner Non-Commissioner MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE Membership structure for periode of 01 July 2010 – 31 December 2010: CORPORATE SOCIAL RESPONSIBILITY Name Baridjussalam Hadi Bunasor Sanim Soedarjono *) H. accounting. effectiveness of external and internal auditor’s audit. H. The membership composition of audit committe from of 1 January 2010 . and banking. and currently is pursuing his Doctorate degree in business management at Bogor Agriculture University. he previously served Bank IFI. members which have expertise in financial. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Pre Doctoral Program. holding a Special Certification for Strategic Management Studies. Kep-29/PM/2004 regarding The Establishment and Guidelines of Audit Committee. Jakarta (2004). Aviliani. He has been member of the Audit Committee since October 2005. Yogyakarta (1986) and a master in management degree in finance and banking from University of Indonesia. University of Indonesia. internal control system. and compliance to prevailing rules and regulations. Membership.C. 157 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . Jakarta and PT Krakatau Steel. law. and three non-Commissioners. Structure. He earned a degree in accountancy from University of Gajah Mada.30 June 2010 was: Name Aviliani Bunasor Sanim H. Royke Singgih Dedi Budiman Hakim Syahrir Nasution Position Chairman Member Member Member Member Member Proffesion Independent Commissioner President Commissioner/Independent Commissioner Vice President of Commissioner Non-Commissioner Non-Commissioner Non-Commissioner *) effective since 20 July 2010 as Commissioner upon obtaining approval from Bank Indonesia on conducting fit and proper test. Baridjussalam Hadi. 50 years.C. Cilegon. Profile of Audit Committee Members The profiles of Bunasor Sanim. A certified public accountant. a member from the Commissioner. Royke Singgih – Indonesian citizen. effectiveness of risk management.

COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS Dedi Budiman Hakim – Indonesian citizen. duties and responsibilities in accordance with the Audit Committee Charter. He has been member of the Audit Committee since 1 November 2005 Currently serving as a Faculty Member of the Bogor Agricultural University (IPB) and a Researcher at the Center for Applied Finance and Economics (interCAFE) IPB. The Audit Committee has convened meetings with the subordinates of management. New Zealand (1994). Risk Management. **) Non-active from the membership of Audit Committee since 1 July 2010. Previously a career banker with BRI (1990-2008) in the fields of inspection and audit and prior to joining BRI. The Audit Committee undertakes the active oversight duties of the Board of Commissioners through regular meetings with the Internal Audit Unit. Audit Committee undertook their functions. 45 tahun. Consumer Banking. Syahrir Nasution – Indonesian citizen. The Audit Committee convened a total of 15 meetings in 2010. He holds a degree in agronomics science from IPB (1988). a career auditor in State Agency for Development and Financial Control (BPKP) until 1990. Human Resources Management. Compliance. 57 years. . Jakarta (1981). He holds a degree in economics and accountancy from Institute of Finance. He has been member of the Audit Committee since 1 November 2008 A certified public accountant. Duties and Responsibilities of Audit Committee In 2010. Royke Singgih Dedi Budiman Hakim BRI 2011 Syahrir Nasution *) effective since 1 Juli 2010 as Audit Committe Chairman. and Logistic. Frequency of the Audit Committee Meetings The meeting is attended by Financial and Management Accounting Division (AMK). FRS Global and Supreme Audit Agency of Republic of Indonesia. Internal Audit (AIN). a master of arts degree in agriculture social economics from Massey University. ***) effective since 20 July 2010 as Commissioner after obtaining approval from Bank Indonesia on fit and proper test. Technology and Information System Division. includes Finance and Management Accounting Division. with the following attendance records: Name Position Chairman Member Member Member Member Member Member Attendance (%) 100 100 100 100 100 100 100 CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE SUBSIDIARIES Baridjussalam Hadi *) Bunasor Sanim Aviliani **) Soedarjono ***) H. Goettingen. Palmerston North. Public Accounting Firm of Ernst & Young.C. and a doctorate in agriculture from GeorgAugust-Universitaet. Germany. FINANCIAL STATEMENTS 158 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. this committee through the Board of Commissioners required some subordinating managements to attend the meetings and to provide necessary relevant information especially in bank internal audit and risk management. In conducting its meetings with the bank’s working units.

6. Visit to Regional Audit Office of BRI Makassar. Discussion on Public Accounting Firm (PAF) for Financial Year 2010 Discussion on PAF for Financial Year 2010. Financial and Management Accounting Division 09 February 2010 09 March 2010 23 March 2010 Tuesday. Audit Committee Review 15-16 January 2010 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Discussion on appointment of Public Accounting Office for Financial Year 2010. Preparation of general audit of 2009 Discussion on the draft of general audit result 2009 Preparation of general audit of 2010 Discussion on the implementation of PSAK 5055 together with the Financial and Management Accounting Division and FRS. 2010 Tuesday. Discussion on Audit Report for Q4-2009 and Audit Planning of 2010. Discussion on the plan to implement PSAK 5055 with external auditor and FRS . The Supreme Audit Agency of Republic of Indonesia Friday. Discussion on Internal Control System in BRI MANAGEMENT DISCUSSION AND ANALYSIS 2. Discussion on Audit Report of Q2 and Q3 of 2010. Discussion on the plan to implement PSAK 5055. Internal Audit 12 January 2010 11 May 2010 20 July 2010 21 December 2010 CORPORATE GOVERNANCE CORPORATE GOVERNANCE 3. May 25. Audit Committee visit to Regional Audit Office of BRI Bandung. Discussion on Audit Report of Q3-2009. June 25. 2010 Presentation of the Audit Committee to the Board of Commissioners Discussion on The Result of Audit Report 2009. External Auditor (KAP) Date 14 January 2010 19 January 2010 30 March 2010 27 September 2010 20 December 2010 Agenda General Audit Kick-Off Fiscal Year 2009. Related Party/Working Unit 1.Global.Global. Inspection Office 5. 159 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . Preparation of BRI Auditor as Strategic Business Partner for Risk-Based Audit Implementation. 2010 20 December 2010 CORPORATE SOCIAL RESPONSIBILITY 4. Discussion on Audit Report and Fraud Report of Q1-2010.FOREWORD COMPANY PROFILE The agendas of the Audit Committee meetings in 2010 were as follows: No. 02 February 2010 19 March 2010 6. Visit to Regional Audit Office of BRI Padang. August 24. 7 April 2010 4-8 May 2010 11-14 October 2010 5. Discussion on external auditor and Bank Indonesia audit report.

Internal Activities a. and the audit findings especially those which are deemed to have potential risks that could affect the business continuity of the Bank. and visit several Regional Audit Offices. and Law. 8/4/PBI/2006 as revised by PBI No. b. Design Audit Committee’s work plan as per the Audit Committee Charter. . e. Convene meetings with the Finance and Management Accounting Division and other related divisions to discuss the Bank’s financial performance and other financial information. 117/M-MBU/2002 dated 31 July 2002 concerning The Implementation of Good Corporate Governance in StateOwned Enterprise. 2. Convene regular (weekly) meetings with the Nomination and Remuneration Committee. d. 19 year 2003 dated 19 June 2003 on State-Owned Enterprise. External Activities a. such as those conducted by The Institute of Internal Auditor (IIA) Indonesia Chapter. PBI No. Hold discussions with external auditors. Convene meetings with Internal Audit (IA) to discuss internal control system. In BRI. b. Regional/Branch Offices in an attempt to gather primary information on the problems of the respective working units. Hold discussions with other parties. the Nomination Committee and the Remuneration Committee is not separated. roles. No. f. and responsibilities. c. 8/14/PBI/2006 concerning the Implementation of Corporate Governance for commercial bank. evaluate the performance of the Internal Audit communication forum. either before or after the investigations regarding audit findings in the financial statements of the Bank. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 160 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.COMPANY PROFILE FOREWORD Audit Committee Work Plan The Audit Committee implemented its work plan in 2010 as follows: 1. especially those related to the effectiveness and enhancement of the internal audit function. c. Evaluate and provide written reports to the Board of Commissioners on every meeting and assignment given to Audit Committee. Attend meetings concerning the formulation of BRI GCG guidelines. NOMINATION AND REMUNERATION COMMITTEE (NRC) Establishment of Nomination and Remuneration Committee pursuant to decree of Minister of State-Owned Enterprise No. Participate in the seminars related to Audit Committee’s functions. CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 2. and the Indonesian Audit Committee Association to increase competencies and capabilities of Audit Committee. Risk Management Supervisory Committee and the Secretary of the Board of Commissioners to discuss important issues related to the effectiveness of the Board of Commissioners’ functions.

a member (Commissioner). Mulyono Asep Ikhsan Iskandar Position Chairman Member Member Member Member Member Profession President Commissioner/Independent Commissioner Independent Commissioner Commissioner Non Commissioner/Executive Officer Non-Commissioner Non-Commissioner CORPORATE SOCIAL RESPONSIBILITY *) effective as of 20 July 2010 as Commissioner upon obtaining approval from Bank Indonesia on fit and proper test. Membership. Obtained his bachelor’s degree in business economics from Diponegoro University. 161 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . Mulyono Asep Ikhsan Iskandar Position Chairman Member Member Member Member Member Profession Independent Commissioner Independent Commissioner Commissioner Non-Commissioner / Executive Officer Non-Commissioner Non-Commissioner MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE *) Non-active from the membership of Board of Commissioner since 20 May 2010. The composition of the Nomination and Remuneration Committee of 1 January 2010 30 June 2010 were: Name B. Kusmuljono *) Aviliani Agus Pakpahan *) Randi Anto Kanyatama P. Louis University. She has been the member of the Nomination and Remuneration since November 2009. and two non-commissioners with vast knowledge in remuneration and/or nomination and Bank’s succession plan. Mulyono – Indonesian citizen. She was previously the Auditor of Haga Bank and KPMG Public Accountant Firm. Randi Anto – Indonesian citizen. 49 years. in 1984. USA (1994). Profile of NRC Members The profiles of Bunasor Sanim. Membership structure for the periode from 01 Juli 2010 – 31 December 2010: Name Bunasor Sanim Aviliani Heru Lelono *) Randi Anto Kanyatama P.e Head of Human Resources Division.FOREWORD COMPANY PROFILE Structure. He has been the member of the Nomination and Remuneration Committee since 2009. an executive officer i. and currently holds the position of BRI’s Head of Human Resources Division. and Heru Lelono are available on the profile of the Board of Commissioners. Aviliani. consultant and lecturer at Management Institution of Economics Faculty in University of Indonesia (LM-FEUI). and MBA in banking from St. Kanyatama P. Started his career in BRI in 1985 in different positions. 37 years. Expertise. Semarang.S. and Independency of NRC Members Committee of Nomination and Remuneration BRI consists of a Chairperson (Independent Commissioner). ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

A. Asep Ikhsan Iskandar – Indonesian citizen. especially those related to nomination and remuneration policies. Recommend candidates for Commissioners and/or Directors to the Board of Commissioners. 2. Remuneration Function 1. 2. 3. Analyze the information of executives one level below that of the Board of Directors submitted quarterly by the Board of Directors and on each change occurring. Began his career in 1998 in different positions. Recommend to the Board of Commissioners concerning Independent Parties that will be members of the Audit Committee or the Risk Management Supervisory Committee. 38 tahun. 6. the Board of Directors and BRI employees. Enlisted in the Nomination and Remuneration membership effective since November 2009. Overall remunerative policies for the BRI’s executive officers and employees to be submitted to the Board of Directors. the Nomination and Remuneration Committee is a committee that has been formed by the Board of Commissioners in order to support the effectiveness of the Board of Commissioners’ duties and responsibilities. Evaluate prevailing remuneration policies for the Board of Commissioners. 5. The Nomination Function 1. Give opinion or advice to the Board of Directors on the transfer and/or appointment decisions on hiring professionals to become officers one level below that of the Board of Directors. SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY FINANCIAL STATEMENTS B. CORPORATE GOVERNANCE Duties and Responsibilities of NRC Based on the Charter of the Nomination and Remuneration Committee on 21 June 2007. and master of science in industrial and organizational psychology from the University of Indonesia in 2004. 4.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS She earned her bachelor’s degree in economics from University of Indonesia in 1996. Monitor the execution and analyze the criteria and procedures of selection for officers one level below that of the Board of Directors. b. 7. He earned his bachelor’s degree in economics accounting from University of Pasundan. Recommend the number of members of the Boards of Commissioners and the Board of Directors. compose and give recommendations concerning the system and procedures of election and/or replacement of members of the Boards of Commissioners and the Board of Directors to the Board of Commissioners. 8. Compose performance evaluation system of the Boards of Commissioners and the Board of Directors. Remunerative policies for the Board of Commissioners and the Board of Directors. Recommend to the Board of Commissioners the following: a. Analyze. BRI 2011 162 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. and currently holds the position as staff in BRI’s Human Resources Division. . Bandung in 1996.

Other Functions 1. 2. Recommend the granting of options to the Board of Commissioners. *) Non-active from the membership of Board of Commissioner since 20 May 2010.S. 4.FOREWORD COMPANY PROFILE 3. 5. MANAGEMENT DISCUSSION AND ANALYSIS C. Recommend the system of compensation and other benefits in the matter of employee downsizing in BRI. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. ***) effective since 20 July 2010 as Commissioner after obtaining approval from Bank Indonesia on fit and proper test. Mulyono Asep Ikhsan Iskandar Position Chairman Member Member Member Member Member Member Member Attendance (%) 100 100 100 80 100 80 100 100 CORPORATE SOCIAL RESPONSIBILITY *) effective since 1 Juli 2010 as the member of Nomination and Remuneration Committee. Administer documents related to the duties and responsibilities of the Committee. the Board of Directors and the employees of BRI. Frequency of NRC Meetings The directors’ attendance at the NRC meetings in 2010 were as follows: CORPORATE GOVERNANCE CORPORATE GOVERNANCE Name Bunasor Sanim *) Aviliani B. Provide recommendations to resolve internal and/or external audit findings and the results of Bank Indonesia monitoring activities. Recommend the pension plan for BRI employees. Evaluate and provide recommendations to the Board of Commissioners on employment policies and other functions in HR management that may have a significant impact on financial and/or legal risks to BRI. 163 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . Kusmuljono **) Agus Pakpahan **) Heru Lelono ***) Randi Anto Kanyatama P. 3. specifically for policies in HR management. such as stock option.

and networking. Market practice. Company Achievement in 2008 and 2009 No SUBSIDIARIES 1 2 BRI 2011 Report to the Minister of SOE (Dwiwarna Series A Shareholders) regarding the Tantiem and Salary/Honorarium of the Management proposal to be decided in AGMS 2010. 4 05 & 09 February 2010 CORPORATE SOCIAL RESPONSIBILITY 5 11 February 2010 Interview process for director candidates from internal BRI. Completion of Report to the Minister of SOE (Dwiwarna Series A Shareholders) concerning the Board of Directors' assessment and recommendations of Director candidates selected by the Board of Commissioners for AGSM 2010. PER-02/MBU/2009. leadership. Schedule the nomination process. . dated 27 April 2009.COMPANY PROFILE FOREWORD Activities conducted by Nomination and Remuneration Committee in 2010 were as follow: a. with the criteria of: turning vision into policy. FINANCIAL STATEMENTS 164 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. CORPORATE GOVERNANCE 3 2 February 2010 Follow up the meeting on 26 January 2010. economic condition. The Board of Directors election process in AGMS 2010. MANAGEMENT DISCUSSION AND ANALYSIS 2 26 January 2010 Follow up the meeting on 22 January 2010. 6 16 February 2010 b. Time 06 April 2010 13 April 2010 Meeting Agenda and NRC Activities Discussion on Tantiem and Salary/Honorarium of the Management between NRC and Board of Commissioners. business capability. Meeting Agenda and Activities Related with Remuneration of the Board of Commissioners and Board of Directors. discussing the data processing of candidates related to nomination policy and other special criteria.e: turning vision into policy. leadership. The Board of Directors succession in AGMS 2010. Meeting Agenda and Activities related with Director Nomination: No Time Meeting Agenda and NRC Activities Preparation meeting for AGMS 2010 regarding Director nomination: • 1 22 January 2010 • • the Board of Commissioners will evaluate the Board of Directors based on quantitative and qualitative indicators. i. and prevailing rules and regulations. business capability. Compile and submit the report on the implementation of AGMS 2010 to the Minister of State-Owned Enterprise. and networking. in reference to: • • • 3 22 April 2010 Minister of SOE Regulation No. Drafting the report to Minister of SOE (Dwiwarna Series A Shareholders): • • Quantitative and qualitative evaluation of the Board of Directors. particularly on the preparation of the selection process of Directors: • • Setting up the criteria for the candidate.

Promotion. staffs and skills). system. and Development (Career and Profession). the dissemination efforts in BRI must be focused on the system and leadership style to ensure that it can be absorbed as part of their daily operations. and Rotation) in relation with new outlet expansion: Activities in human resources management of BRI are channeled in a one gate policy from Recruitment. surrounding environment. style. Education and Training Programs via Training Needs Assessment is expected to provide information on development of individuals or the Company as a whole. punishment. 165 BRI 2011 FINANCIAL STATEMENTS . structure. therefore this role is important in managing its staffs. MANAGEMENT DISCUSSION AND ANALYSIS • • CORPORATE GOVERNANCE CORPORATE GOVERNANCE • • CORPORATE SOCIAL RESPONSIBILITY • • 2 11 August 2010 Recommendation from NRC to the Board of Commissioners in relation of the meeting: • • Appreciation for the Board of Directors for their dissemination efforts like video conference and tour to all outlet. Education. This dissemination efforts requires supports from second layer to enable acceleration and the expected results can be reflected in the employees conduct. To maintain the balance of employees.FOREWORD COMPANY PROFILE c. the company introduces the policy of providing incentives and salary increase for outsourcing employees based on their service year. Following the Concept of 7S from Mc Kinsey (shared values. strategy. Sustainable and intense dissemination of strategy and policy. Training. Human Resources development in relation with of BRI's strategic business is not focused on business expansion but to improve low cost of fund therefore creating excellent performance to achieve excellent welfare. enabling the unit work leaders to drive its team to support the company's strategy and policy. Meeting Agenda and NRC Activities related with HRD: No 1 Time 28 July 2010 Meeting Agenda and NRC Activities The Board of Commissioners meeting inviting the Board of Directors to explain Human Resources Development Program (Recruitment. SUBSIDIARIES • • ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. and Exit Policy program for non-productive employee. The manager of working unit is a leader or the "CEO" of working unit. and customers. Education. Human Resources is a very strategic factor as banking industry itself drives human resources. as stated in BRI Human Resources architecture. and opportunity to be selected as permanent employee for high performers.

COMPANY PROFILE FOREWORD SUBSIDIARIES Nomination and Remuneration Committee’s Work Plan In 2010. NRC involved in the following activities: 1. current economic conditions. With the Board of Commissioners. 12. Give feedback and inputs regarding the meeting result of the Board of Commissioners and the Board of Directors related with the HRD Policies. In 2010 NRC provides the following recommendations to the Board of Commissioners: 1. 9. Field visit to BRI outlet with member of the Board of Commissioner and other committees. 2. 10. FINANCIAL STATEMENTS BRI 2011 CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 166 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Together with Audit Committee. Recommendations and inputs on Directors evaluation. Perform other duties assigned the Board of Commissioners. Give inputs and recommendation on employees remuneration policy in general. Formulate and suggest the revision of the Decree of the Board of Commissioners about Remuneration for Directors. to obtain their approval on the appointment of Compliance Director. 15. 6. current economic conditions. 2. Give inputs and recommendations to the Board of Commissioners on approving the Written Statement of Founder related to the revision of BRI’s Pension Fund regulations. Commissioners and the Secretary of the Board of Commissioners. 4. Letter of NRC No. Review the tantiem and salary/honorarium of Directors and Commissioners according to market practice. With the Board of Commissioners. 13. and result of selection process for Director candidate from internal. 7. Give recommendation to Board of Commissioners and select the candidates for Risk Management Supervisory Committee member. Recommend the extension of service for member of Committee under the Board of Commissioner. . and prevailing rules and regulations. The results will be further discussed in Board of Commissioners internal meeting. Risk Management Audit Commitee. and prevailing rules and regulations to be approved by Board of Commissioners for further approval by the Dwiwarna Series A shareholder. selects the candidates for Directors from internal BRI in accordent with the nomination policy of the Board of Commissioner’s and Board of Directors. 14. 8. Recommendations and inputs regarding tantiem and salary/honorarium of Directors and Commissioners according to market practice. Conduct a meeting with other committees to prepare the meeting materials for the Board of Commissioners. and Staff of Secretary of the Board of Commissioners help the Board of Commissioners in evaluating the company budget and busines plan and the overall performance of BRI. leadership. Education and Training for new outlet. Provide inputs and recommendations to the Board of Commissioners pursuant to Articles of Association and other regulations. industrial relations and synergy with the Board of Directors). 11. Secretary of the Board of Commissioners.03-KOM/ KNR/04/2010 dated 9 April 2010.R. and the Board of Directors and the Board of Commissioner meeting. evaluate President Director and all Directors using quantitative method (achievement of financial performance) and qualitative (includes business. 5. Give feedback and inputs on the formation of Level 1 officers to the Board of Commissioners. 3.

dated 22 December 2010. dated 22 December 2010. Structure.B. 6. Letter of NRC No. dated 11 August 2010. Letter of NRC: No. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.FOREWORD COMPANY PROFILE 3. Training. Letter of NRC No.B. 117/M-MBU/2002 regarding the GCG implementation in SOE. and two non-Commissioners.10–KNR/09/2010. Education. and Rotation) in relation with new outlet expansion. CORPORATE GOVERNANCE CORPORATE GOVERNANCE 3. RISK MANAGEMENT SUPERVISORY COMMITEE (RMSC) Establishment of Risk Management Supervisory Committee pursuant to the decree of Minister of State-Owned Enterprise No. Letter of NRC: No.B. 4.07-KNR/12/2010. MANAGEMENT DISCUSSION AND ANALYSIS 7.05–KNR/06/2010.R. Membership structure for the periode of 1 January 2010 – 30 June 2010 Name Baridjussalam Hadi Agus Suprijanto Ridwan Darmawan Ayub Pamuji Gesang Raharjo *) Position Chairman Member Member Member Profession Independent Commissioner Commissioner Non-Commissioner Non-Commissioner CORPORATE SOCIAL RESPONSIBILITY *) concluded his work contract as RMSC member as of 14 May 2010. Recommendation on Board of Commissioner’s approval to Written Statement of Founder to Revise BRI Pension Fund. dated 19 July 2010. Promotion. Letter of NRC : No.08-KNR/12/2010. Letter of NRC No. Recommendation on the result of Board of Commissioners meeting with Board of Directors regarding Human Resources Development Program (Recruitment. Recommendation for the appointment of Compliance Director. **) As of 1 July 2010 has served as RMSC member. Recommendation on the list of Level 1 Officers. dated 22 June 2010. Recommendation on the extension of service for members of Committe under the Board of Commissioners. Membership structure for the periode of 1 July 2010 – 31 December 2010 Name Aviliani Adhyaksa Dault *) Agus Suprijanto Ridwan Darmawan Ayub I Gde Yadnya Kusuma **) Position Chairman Member Member Member Member Profession Independent Commissioner Independent Commissioner Commissioner Non-Commissioner Non-Commissioner SUBSIDIARIES BRI 2011 *) effective since 20 July 2010 as Commissioner upon obtaining approval from Bank Indonesia on conducting fit and proper test.05-KNR/08/2010 dated 11 August 2010. Expertise and Independency of RMSC Member BRI’s RMSC consists of a chairperson who is an Independent Commissioner. 167 FINANCIAL STATEMENTS . two members of an Independent Commissioner and Commissioner.B. 8. who have expertice in financial and risk management.03-KNR/07/2010. Recommendation in reviewing BRI Employee Remunerations in general. Membership.R. 5.

Pamuji Gesang Raharjo – Indonesian citizen. monitoring. 10. Previously. He has been the member of Risk Management Supervisory Committee since July 2010. Monitor the adequacy of the process of identification. Previously had careers at BNI 46. He has been the member of Risk Management Supervisory Committee since 2006. Bandung (1985) and an master of management degree in finance from Mercu Buana University. Dr. Bank Danahutama. Jakarta (1996) and a master of management in Risk Management from the University of Indonesia. Perform others duties given by the Board of Commissioners. 9. In general. the tasks and responsibility of RMSC covers the following: 1. 4. 168 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Moestopo University. 2. Evaluate and review annual budget. the risk management implementation is discussed both in RMSC meetings and the Board of Commissioners meeting. and Bank International Indonesia in various positions. he had his career at Bank International Indonesia in various positions. He holds a bachelor’s degree in social and political science from the Parahyangan Catholic University. Evaluate and/or provide feedback on the reports of the realization of the Bank’s annual budget. 6. 56 years. I Gde Yadnya Kusuma – Indonesian citizen. He has been the member of Risk Management Supervisory Committee from 2007-2010. This will ensure that bank’s activities are within manageable and acceptable level and within profitable limits. Evaluate and analyze loan package above a certain amount that requires consultation with the Board of Commissioners. Adhyaksa Dault. He holds a bachelor’s degree in Economics from Prof.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS Profile of RMSC Members The profiles of Aviliani. BRI 2011 Frequency of RMSC Meetings Considering the scope and interrelatedness of the risk type. Jakarta (2008). Jakarta (2003). 5. corporate plan for Board of Commissioners approval. . business plan. Evaluate the monitoring result on Bank’s compliance towards the BI regulations and other prevailing regulations. Jakarta (2006). 47 years. controlling and risk management information system. he had his career at Bank Indonesia in various positions and in Indonesian Financial Transaction Reports and Analysis Center (PPATK) as Director of Research and Analysis. business plan and corporate plan. Ridwan Darmawan Ayub – Indonesian citizen. SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE FINANCIAL STATEMENTS Duties and Responsibility of RMSC According to Risk Management Supervisory Committee Charter. 3. and Agus Suprijanto is available on the profile of the board of Commissioners. Regularly evaluate and review the risk management policies and give opinions in the forms of suggestions and/ or recommendations to the Board of Commissioners concerning the necessary improvement of risk management. Review and evaluate the reports of the Board of the Directors in their implementation on risk management quarterly at the least. 8. Evaluate and analyze the suggestion packages of the Board of Directors for proposal from related parties that must be approved by the Board of Commissioners. He holds a bachelor’s degree in Economics from Sekolah Tinggi Ilmu Ekonomi Swadaya (1993) and a master of Economics from the University of Indonesia. measurement. Previously. Review and analyze quarterly risk profile of the Bank and provide opinions in the form of suggestion and or recommendation for necessary improvement and completion of risk management. 42 year. RMSC helps Board of Commissioners in its duties and responsibilities to evaluate and ensure the bank’s risk management implementation meets the procedural requirements and risk management method. 7.

Liquidity risk. The meetings and activities of RMSC in 2010 were as follows: No. Market Risk. 169 BRI 2011 FINANCIAL STATEMENTS . 1. Bima Agri Sawit Operational Development of International Division and the Progress of Trade Finance System across Working Units and division Director of Commercial Business Treasury Division Risk Management Division International Business Division SUBSIDIARIES 5 - 2 November 2010 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. RSMC hold both internal and joint meetings with related Division/ Working Units to evaluate the application and management of risk. 4. *) No longer member RMSC as of 1 July 2010. and Reputation risk as stipulated in prevailing Bank of Indonesia regulation.e. The members’ attendance at the RMSC meetings in 2010 were as follows: Name Aviliani *) Baridjussalam Hadi **) Adhyaksa Dault ***) Agus Suprijanto Ridwan Darmawan Ayub Pamuji Gesang Raharjo ****) I Gde Yadnya Kusuma ****) Position Chairman Member Member Member Member Member Member Attendance (%) 100 100 67 80 100 100 100 MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE *) effective since 1 July 2010 as member of RMSC. Related Party / Working Unit Compliance Division Date 17 February 2010 Agenda Policy on Anti Money Laundering and Terrorism Funding Prevention Programs 2. Risk Management Division 19 July 2010 3.FOREWORD COMPANY PROFILE In 2010. Operational Risk. Risk Management Division Treasury Division 31 August 2010 30 September 2010 Risk Profile Reports of semester I-2010 Realization of work plan for of semester I-2010 CORPORATE SOCIAL RESPONSIBILITY Market and Liquidity Risks Management Loan Facility for PT. ****) No longer RMSC member as of 14 May 2010. ****) effective since 20 July 2010 as Commissioner upon obtaining approval from Bank Indonesia on fit and proper test. i.

to monitor and evaluate implementation of Loan Approval System and risk management. Review BRI monthly performance and give inputs to the Board of Commissioners in their regular meetings with the Board of Directors. Provide the feedback on loan facilities which consultation process going through the Board of Commissioners. Review the Liquidity Risk Management Policies of BRI. and the Secretary of the Board of Commissioners. 6. 7. assist the Board of Commissioners to review the proposal of BRI budget and work plan for 2010. 2. Review the Decree on Anti Money Laundering and Terrorism Funding Prevention. and Micro Outlets. 12. 11. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 170 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 3. Branch Offices. 4. 8. . 9. Review the quarterly report on the risk profile of BRI. Compose the 2010 work plan. Perform other duties as requested by the Board of Commissioners. Evaluate the Loan Portfolio Report. the NRC. RMSC involved in the following events: 1. Evaluate the Board of Directors policies related to implementation of risk management including Risk Management Committee procedures. 10. Together with Audit Committee.COMPANY PROFILE FOREWORD RMSC Work Plan In 2010. 5. 13. Review the monthly and semester report of the Director of Compliance. Accompany the Board of Commissioners in field visits to several Regional Offices. Evaluate the implementation of loan Consultation related with loan facilities that requires the Board of Directors’ consultation with the Board of Commissioners.

Being responsible for all actions related to the management of the Bank in accordance with the purposes. objectives and business activities. The members of the Board of Directors do not hold concurrent position as commissioner. and the management. The Composition of the Board of Directors as of 31 December 2010: No 1 2 3 4 5 6 7 8 9 10 2. Duties and Responsibilities of the Board of Directors 1. as well as General Meeting of Shareholders resolutions. The Board of Directors is led by a President Director who is independent to the controlling shareholders.1. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. director or executive officer in any other bank or financial institution. Being responsible to ensure that the Bank’s management is in accordance with the Bank’s objective. COMPOSITION. a. All BRI directors are domiciled in Indonesia. CRITERIA AND INDEPENDENCY OF THE MEMBER OF THE BOARD OF DIRECTORS The Board of Directors consists of 10 (ten) members. They have adequate competency and integrity in accordance with fit and proper test requirements. and do not have familial ties with any other member of the Board of Directors and/or the Board of Commissioners. to manage the Company according to duties and responsibilities as stipulated in the Article of Association and General Meeting of Shareholders resolutions.FOREWORD COMPANY PROFILE III. ownership and the binding with other parties by complying with the Articles of Association. 171 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . DIRECTORS A. Toni Soetirto Lenny Sugihat Djarot Kusumayakti Asmawi Syam Suprajarto President Director Director of Operations Director of Compliance/Director of Risk Management Director of Commercial Business Director of Finance Director of Consumer Business Director of Credit Risk Management Director of Micro. each of whom has at least 5 (five) years of experience in banking operations as bank executive.2. prevailing laws and regulations. Small and Medium Enterprise (MSME) Business Director of Institutional and State-Owned Enterprise Business Director of Network and Services Position MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY DUTIES AND RESPONSIBILITIES OF THE BOARD OF DIRECTORS a. General Responsibilities a. Name Sofyan Basir Sarwono Sudarto Bambang Soepeno Sulaiman Arif Arianto Achmad Baiquni A. THE NUMBER.

Making work plans.2. measuring. Ensuring that proper system and processes have been executed in monitoring and reporting the main risks faced by the Bank. after the fiscal year ended to the AGMS for approval. annual budget. b.3. b.7. Maintaining the following processes of Risk Management: 1. Duties and responsibilities in relation with Financial Accounting and Annual Report. b. . Monitoring and evaluating the existence of good management processes in assessing the adequacy of the risk management system and the internal control. Preparing the corporate plan (RJPP). at the latest.5. Preparing Annual Report. especially in terms of recording. b. including Financial Statement. b. Administering the list of shareholders and the special list containing the ownership of shares in the hands of the members of the Boards of Commissioners and the Board of Directors and their families both in the Bank and in other companies.2. Maintaining the bookkeeping and administration of the Bank in accordance with generally accepted practices. The Board of Directors is obligated to hold AGMS based on the written request of one or more Shareholders who have valid voting rights and who represent at the very least 1/10 (one tenth) of the number of shares issued. Duties and responsibilities in relation with the Board of Commissioners and Shareholders b. and controlling the risks. archiving.1. Ensuring the implementation of the AGMS resolutions. b. and other plans related to the business of the Bank and getting the approval from the Board of Commissioners. monitoring and management. Ensuring that the Bank has the proper and systematic processes in identifying. Duties and responsibilities in relation with Risk Management and Control b.COMPANY PROFILE FOREWORD b.3. 3.2. b. Consulting the granting of loan above a certain amount to the Board of Commissioners with reference to prevailing regulations.1. 2. Specific Responsibilities b.1.3.1.2.1.2. b.1.1. Composing an accounting system that matches the Accounting Standard of Indonesia and the principles of internal control. Submitting an annual report after reviewed by the Board of Commissioners within 5 (five) months.1. financial reporting and the compliance. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 172 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. b.3. Bank’s business plan (RBB).3. b. b.2.3.4.1.6. and annual Company’s budget and work plan (RKAP) and other work plans and the changes to obtain approval from the Board of Commissioners.

2. c. to ensure that all significant aspects of internal control have been considered for the evaluation year up to the date of the approval of the annual report.5.5. b. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Ensure that the Bank complies with the Regulations of Bank Indonesia and with the prevailing rules and regulations through prudential principles examination toward policy plan and/or the decision of the Board of Directors. Taking all necessary steps to ensure decisions taken by the Board of Directors are in line with the prevailing rules and regulations. plans.FOREWORD COMPANY PROFILE Ensuring the adequacy of an effective control system in order to ensure: a. The achievement of the determined operational objectives and targets. Director of Compliance The main responsibilities of Director of Compliance are: 1. BRI GCG management.2.5. 1/6/PBI/1999 dated 20 September 1999 concerning the Appointment of the Compliance Director and the Implementation of the Standards for the Execution of the Internal Audit Function of Commercial Banks. President Director: Representing the Bank in coordinating and monitoring. Developing the work plans for each field of responsibility and each directorate led by each Director.3. b.2. as well as acting as the Head of the Board of Directors. b. Submitting reports as regulated in Bank Indonesia Regulation No.6. The maintenance of the assets of the Bank. The reliability and integrity of information. b.4. analysis of the impact on external regulations. Creating clear organizational. including the appointment of the management. b. b. b. 5.5. Members of the Board of Directors: b. Executing annual evaluations for making public statements concerning internal control at the Bank.4. b. The economical and efficient use of resources. rules and regulations. monitoring of the fulfillment of the agreement and commitment to BI and relevant authorities as well as monitoring the implementation of Anti-Money Laundering Program and the Prevention of Terrorism Funding. procedures. e. reviewing the policies. duty and responsibility structures. d. Coordinating and monitoring each allocation of responsibility and working units.3. communicate the external regulations.5.1. The delegation of the duties and authorities of each member of the Board of Directors is determined by the AGMS and such duties and authorities may be delegated to the Board of Directors. The compliance with the prevailing policies. No. 173 MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . 4. monitoring the follow up over the examination result.

Annual General Meeting of Shareholders 2010 4. Budget and Work Plan 2011 2. Preparation of BRI service during 2010 Ied Mubarak 2. Frequency of the Board of Directors Meetings The Board of Directors regularly hold internal meetings to discuss issues that require the Board of Directors consideration and to discuss other strategic plans. NO 1 2 3 4 5 6 DATE 11 January 2010 19 January 2010 25 January 2010 27 January 2010 24 February 2010 22 March 2010 AGENDA Financial Performance of December 2009 Basel II Reorganization The issue of possible misconduct by one of branch manager. attended by the President of Republic of Indonesia 1. Corporate Action 11 16 August 2010 2 Preparation of BRI service during Ied Mubarak 3 Activities during Ramadhan and Ied Mubarak 4 Miscellaneous 12 24 August 2010 Preparatiuon of fasting break with the orphans. Approval on Bank Agroniaga Acquisition Plan 3. Procurement of AS400 Machine: Power 7 for IT Building and Procurement of Stratus C1225 8 9 10 25 May 2010 3 June 2010 23 July 2010 1. The Acquisition Plan of Bank Bukopin 3. Capital Investment in BRI Syariah 7 29 March 2010 3. Stock Split 14 15 02 November 2010 09 November 2010 1 Budget and Work Plan 2011 2. Stock Split SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE 13 September 2010 FINANCIAL STATEMENTS BRI 2011 174 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. . The Capital Investment Plan in Bank BRI Syariah Anticipation of March 2010 Performance 1 Subdebt 2. The Acquisition Plan of Bank Agro Niaga 2. Several Robbery Case in BRI Unit Revision of Company Budget and Work Plan 2010 Allocation of Board of Directors duties 1. Follow up of Pribun Certificate case in Rangkasbitung Branch Office 2.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS Other Duties Other duties and responsibilities are as stated in the Articles of Association of the Bank. PSAK 50 & 55 1. Discussion on a case in one of Branch Offices 1.

9. 2. 11.22 83. RMC is comprised of all members of the Board of Director and the officers of one level below the Director. COMMITTEES OF THE BOARD OF DIRECTORS In order to support the effectiveness of Directors’ duties and responsibilities. B. 7. Review of Regional Operation Manager position and E-Channel Department in the Regional Office MANAGEMENT DISCUSSION AND ANALYSIS 16 30 November 2010 2. Toni Soetirto Lenny Sugihat Asmawi Syam Suprajarto Bambang Soepeno Abdul Salam *) Sudaryanto Sudargo *) Achmad Baiquni **) Djarot Kusumayakti **) Number of Meetings 18 18 18 18 18 18 18 18 5 5 13 13 Attendance 14 18 14 14 16 15 13 15 4 5 10 10 % 77. Rights and responsibility of Booking Office related to the loan initiated by Head Office and Regional Office.78 88. Risk Management Committee (RMC) RMC is the highest committee in the risk management system in BRI.92 76.33 80. 1. 8. Structure and Membership of RMC Chairman : President Director ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.00 76. Identification of BPK audit findings 3. a.FOREWORD COMPANY PROFILE NO DATE AGENDA 1. several committees under the Directors were established.78 77. 175 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . 10. 12. 2010 is no longer member of the BRI Board of Directors.00 100. Loan loss provision (PPAP) proposal and additional ceiling related with disaster area in 2010 Proposal of additional provition for bad loan write-off in 2010 17 18 27 December 2010 30 December 2010 The directors’ attendance at the Board of the Directors meetings in 2010 were as follows: No. RMC is not structural included in the structure and independent from the Operational Working Units.78 100.33 72. 1.92 CORPORATE SOCIAL RESPONSIBILITY Effective of May 20th. Effective since 20 July 2010 as Director upon obtaining approval from Bank Indonesia on fit and proper test.89 83. *) **) CORPORATE GOVERNANCE CORPORATE GOVERNANCE Name Sofyan Basir Sarwono Sudarto Sulaiman A. Arianto A.00 77. 4 5 6. 3.

namely: 1. Director of Micro Small Medium Enterprise Business 6. Regional Managers of Jakarta 1. In this instance. Operation Risk Management Committee (ORMC) established to discuss problems in connection with exposure and management of operational risk. and will render a necessary vote. Permanent members without voting rights are the appointed officers one level below the Director’s rank. Head of Internal Audit 2. RMC has appointed sub-RMC to provide recommendtion to the Board of Directors. Structure and Membership of RMC Chairperson I : Director of Compliance FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE 176 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. reputation risk. Director of Finance 2. while non-permanent members are included based on invitation only according the relevant issues at hand. Permanent member with the voting right is RMC members who have the voting rights when the decision of an issue is not unanimous. and non-permanent member. . These Sub-RMCs are: 1. Director of Operations 3. All Division Heads in the Head Office 3. with or without voting right.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS Chairperson I : Compliance Director (also serves as permanent member with voting right) Chairperson II: Credit Risk Control Director (also serves as permanent member with voting right) Secretary I : Head of Risk Management Division (also serves as permanent member without voting right) Secretary II: Head of Credit Administration Division (also serves as permanent member without voting right) Member of RMC consists of permanent member. strategic risk. and 3 4. Director of Network and Services Permanent members without voting rights are the appointed officers below the Director level. Manager of Special Branch Office In regards of risk management. Director of Consumer Business 5. Director of Commercial Business 4. legal risk. Permanent members with voting rights are: 1. 2. the operational risks include operational risk. and compliance risk. in this case is the President Director. Director of Institutional and State-Owned Enterprise Business 7.

Head of Human Resources Management Division 3. Head of Strategic Planning and Business Development Division 6. Head of Consumer Loans Division 8. Head of International Business Division 4. Head of Credit Card Division 9. Head of Agribusiness Division 6. Head of Company Secretariat Division 5. Head of Retail and Medium Business Division 7. interest rate risk. Structure and Membership of CRMC Chairperson I : Director of Compliance Chairperson II : Director of Credit Risk Management Secretary I : Head of Risk Management Division (who serves as member) Secretary II: Head of Credit Administration Division (who serves as member) Permanent member comprise of: 1. Head of Compliance Division For non permanent member. Credit Risk Management Committee (CRMC) is a Sub-RMC function established to discuss problems relate to exposure and management of credit risk. and liquidity risk. they are invited on case-by-case basis. Market risks includes exchange rate risk. Head of Loans Restructuring and Recovery Division For non permanent member. they are invited on case by case basis. Head of Micro Business Division 2. Head of Technology and Information System Division 2.FOREWORD COMPANY PROFILE Chairperson II : Director of Operations Secretary I : Head of Risk Management Division (who serves as member) Permanent member: 1. Head of Legal Division 4. Head of Program Business Division 5. 2. 177 MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Head of State-Owned Enterprise Business Division 10. Market Risk Management Committee (MRMC) is a Sub-RMC function established to discuss problems in connection with exposure and management of market risk. Head of Commercial Business Division 3. 3.

Head of Services Division For non permanent member. . Provide recommendations to the President Director in formulating the General Policies of Risk Management. b. e. Head of Financial and Management Accounting Division 3. including setting the limits which overrides the authority of the Head of the Working Units. and suggesting these to the Boards of Commissioners and the Board of Directors for approval. Grant the authority to Sub-RMC (CRMC. and evaluating proposals for changes in the system and work procedures. CORPORATE GOVERNANCE b. ORMC. f. Monitor the adequacy of BRI capital against risk exposure in accordance with prevailing regulations. Evaluate overall risk composition in the portfolio of bank. and MRMC) to discuss specific issues requiring immediate actions without involvement from all RMC members. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 178 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Evaluate the effectiveness of the applied risk management system. Provide recommendations to the Presidents Director in formulating Risk Management Strategies. Determine (justify) issues related to business decisions which deviate from normal procedures (irregularities). d. Evaluate proposals related to new activities/products and judging the ability of BRI to execute these new activities/products from the risk aspect. Head of Operation Centers Division 4. h. Recomend its study to the President Director for approval. they are invited on case by case basis.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS Structure and Membership of MRMC Chairperson I : Director of Compliance Chairperson II : Director of Finance Secretary I : Head of Risk Management Division (who serves as member) Secretary II: Head of Treasury Division (who serves as member) Permanent member: 1. Head of International Business Division 2. as well as amendments if necessary. g. c. and the formulation of contingency plans for abnormal conditions (worst case). Duties and Responsibilities of RMC a.

FOREWORD COMPANY PROFILE c. Topic/RMC Meeting Agenda Risk Profile Report and RCSA Capital and Risk Aspects Integrated Stress Testing Risk Management Implementation NPL Review. Date 1. 4. The attendance records for the RMC meetings have met the quorum requirement. 5. 2. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 3. RMC Recommendation and Decisions MANAGEMENT DISCUSSION AND ANALYSIS d. 4. Recommendation and Decisions Risk Profile Discussion Capital Analysis Risk Management Implementation Others RMC Recommendation and Decisions 1 29 Jan 2010 CORPORATE SOCIAL RESPONSIBILITY 2 14 May 2010 3. 2. 5. 2. Follow up the previous RMC meeting. Risk Monitoring 5. Others 7. 6. Capital Management lntegrated Stress Testing Risk Management and Basel II Implementation Operational Risks of Operation Centers Division Risk Profile Report Risk Monitoring Capital Analysis Risk Management Implementation and Basel II Progress and Implementation of PSAK 50/55. and other Directors. 5. meetings were attended by all permanent members without voting rights. Work Plan of RMC in 2010 RMC meeting is held quarterly with the following agenda: 1. Director of Compliance. Frequency of RMC and Sub-RMC Meetings In 2010. 4. 4. 2. Risk Management Implementation 6. 6. 179 BRI 2011 FINANCIAL STATEMENTS . 2. 1. 1. 5. 3 28 July 2010 SUBSIDIARIES 4 2 Dec 2010 3. Risk Profile 3. RMC have 4 meetings on quarterly basis. Schedule and meeting agenda of BRI RMC in 2010: CORPORATE GOVERNANCE CORPORATE GOVERNANCE No. 3. ATM Fraud Issue Profile and Analysis of 8 Types of Risks. 1. Capital Analysis 4.

COMPANY PROFILE FOREWORD Schedule and meeting agenda of Sub-RMC in 2010: No. review of new product activities. RMC Forum has resulted in several risk management-related strategic initiatives in BRI. MANAGEMENT DISCUSSION AND ANALYSIS 4 CRMC Meeting I June 2010 CORPORATE GOVERNANCE e. The result of RMC Meeting III in 2010: Follow up the proposal to improve operational risk evaluation system (OPRA) and its implementation. Review the application of Risk Based Pricing (RBP) and Risk Adjusted Performance Measurement (RAPM). Discuss the result of operational risk monitoring and other risks. Review and updates the risk issue. . Realization of RMC Work Plan RMC Forum has been success for across division coordination. MIS and implementation of PSAK 50 and 55. 1 2 3 Date ORMC Meeting I April 2010 ORMC Meeting II May 2010 ORMC Meeting III December 2010 Topic/RMC Meeting Agenda Review and updates the risk issue. The decision of RMC Meeting I in 2010: Follow up on the proposal related to the transaction blocking on certain currency and review the NPL of high risk business sectors. started in the beginning of 2011. The decision of RMC Meeting III in 2010: LAS Implementation in all working units and business segments. OPRA dissemination and the incident management plan for head office. Implementation of the concentration limit for loan activities in every business segment based on the amount of unallocated capital. identification and review of RCSA risk issue. deployment of business continuity management. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 180 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. OPRA dissemination and the incident management plan for head office. Training preparations for officers to participate in Risk Management certifications. CORPORATE SOCIAL RESPONSIBILITY The result of RMC Meeting IV in 2010: Set the procedures for the risk management implementation for each division or working unit as the preparation for 2011. Risk Based Approach (RBA) of Anti-Money Laundering Program and the Prevention of Terrorism Funding Discuss the results of profile and credit risk limit. the year of risk management program. credit risk monitoring.

Directors 2. Structure and Membership of ALCO ALCO Organizational Structure is: Chairman: President Director (Also serves as member) Alternate Chairman I: Director of Finance (Also serves as member) Alternate Chairman II: Ad Interim Director of Finance (Also serves as member) (Pursuant to the decree regarding Ad Interim Director) Secretary : Head of Treasury Division (Also serves as member) Members: 1. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. and fund transfer price. e. Head of Fund and Services Division 4. Implementing integrated Asset and Liability Management policy. Deciding the mismatch policy and NOP. Regional Manager of DKI Jakarta III 16. Head of Institutional Relations Division 7.FOREWORD COMPANY PROFILE 2. Head of Risk Management Division 12. determining the interest rate for saving and loans. a. b. Head of Credit Administration Division 11. Regional Manager of DKI Jakarta I 14. Manager of Special Branch Office Asset Liabilities Management (ALM): is a supporting group of analysts for ALCO. loans. the mismatch approach. net-open position (NOP) and interest rate risks. 181 MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . managing and stipulating the balance sheet structure and capital as well as recommend the Directors in issuing the policy decided by ALCO meeting. Head of Consumer Loans Division 6. Assets and Liabilities Committee (ALCO) ALCO is the committee that support the Board of Directors in managing Asset and Liability. All Heads of Business Divisions 3. Head of Credit Risk Analysis Division 9. Head of Credit Card Division 5. d. b. Regional Manager of DKI Jakarta II 15. Head of Financial and Management Accounting Division 8. Head of Loans Restructuring and Recovery Division 10. Duties and Responsibilities of ALCO a. Ensuring that Asset and Liability management has been implemented according to the policy decided in ALCO meeting. c. Head of Strategic Planning and Business Development Division 13. Managing the structure of balance sheet and capital. Deciding basic interest rate for saving.

ALCO meetings also become the forum to share information to the Board of Director and executives regarding macroeconomic conditions. composition and growth of Bank portfolio. formulating funding strategy. Analysis of Fee Based Income. presentation materials. and ALCO Meeting Decisions Topic/ALCO Meeting Agenda d. preparing the data. Primary and Secondary Reserve. Maturity and Repricing Gap. banking sector. Risk Management (setting mismatch limit and net open position) and interest rate for savings. ALCO Work Plan ALCO holds a meeting periodically. SUBSIDIARIES 182 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. ALM duties include analysis of source and utilization of funds. monitoring NOP. CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY FINANCIAL STATEMENTS BRI 2011 Realization of ALCO Work Plan ALCO holds periodical meetings discussing asset-liability performance evaluations.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS As a ALCO’s supporting group. Asset & Liability Management Reccomendations. Schedule and meeting agenda of ALCO in 2010: No. and deciding interest rates for saving. loans and fund transfer price. Date 28 Jan 2010 25 Feb 2010 25 Mar 2010 28 April 2010 26 May 2010 17 June 2010 23 July 2010 26 Aug 2010 23 Sept 2010 25 Oct 2010 29 Nov 2010 23 Dec 2010 Fixed agenda of ALCO meetings: Asset & Liability Performance Evaluation. 1 2 3 4 5 6 7 8 9 10 11 12 e. Frequency of ALCO Meetings ALCO conducted 12 monthly meetings in 2010 and percentage of attendance met the quorum of (2/3 members attendance). and necessary materials for ALCO meeting. loans and fund transfer price. c. new regulations and other issues that may be the concerns of the investors/market. Analysis of BRI Shares. . Market Review. at least once a month in order to discuss the management of BRI assets and liabilities related to the Directors’ policies and strategies of the Bank’s. formulating the scenario of interest rate for saving and alternative pricing. ALCO meetings also serves as the strategic forum to give information related to business directions and policies as well as operational issue resolutions from the Board of Directors. Regional Office Performance Review.

Director of Commercial Business 4. Head of Commercial Business Division 18. Head of Credit Card Division 15. monitoring the development and conditions of loan portfolio as well as advice for improvement. Head of Agribusiness Division 17. Head of Consumer Loans Division 14. Monitor and evaluate: • Development and quality of the loan portfolio • Appropriateness of the loan approval authority • Loan approval process and quality of the loan given to related parties and specified large borrowers. Head of Risk Management Division b. Director of Finance 7. Head of Loans Restructuring and Recovery Division 11. Head of Strategic Planning and Business Development Division 21. Provide inputs to the Board of Directors in composing BRI’s general credit policy related to the prudential principles stated in Bank Credit Policy Guideline of Bank Indonesia.FOREWORD COMPANY PROFILE 3. Head of Credit Administration Division (who serves as Secretary) 8. and provide solutions to any problems or constraints. Head of Internal Audit 9. Credit Policy Committee (CPC) Credit Policy Committee helps the Board of Director in formulating the policy. Director of Institutional and State Owned Enterprises Business 5. Director of Credit Risk Management 2. Head of Program Business Division 16. supervising the implementation of policy. CPC also regularly review the Credit General Policy (KUP-BRI) and provides suggestions to the Directors if changes/revision is needed. Head of Legal Division 22. Head of Retail and Medium Business Division 13. Head of Treasury Division 19. Structure and Membership of CPC Chairman : President Director Members: 1. 3. a. Head of Micro Business Division 12. Duties and Responsibilities of CPC 1. 2. Head of Credit Risk Analysis Division 10. • Legal lending limit compliance • Compliance with the prevailing rules and regulation related to lending • Loan restructuring process in accordance with general loan policy • Adequacy of loan loss provision and loan write-off • Specified large borrowers and loan under special mention category ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Head of International Business Division 20. Director of Micro Small Medium Enterprise Business 3. Director of Consumer Business 6. 183 MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . Monitor the implementation of policy to ensure efficient and consistent compliance.

5. 1 14 & 15 December 2010 2. and Credit Execution Guidelines. Decision Letter. Agenda of CPC Meetings Discussion on procedures or flow chart and length of loan application process for Medium Business and Corporation Discussion on Credit Execution Guidelines (PPK) for Medium Business and Corporation. Monitor and recommend on the plan and implementation of loan related training. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 184 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Schedule and meeting agenda of BRI CPC in 2010: d. Regular work. duties. and met the meeting quorum. 6. Regularly provide analysis and loan portfolio evaluations to support the achievement of work plan target and as part of problem loan monitoring.COMPANY PROFILE FOREWORD 4. CORPORATE GOVERNANCE CPC Work Program in 2010 CPC work program in 2010 was formulating Credit Execution Guidelines for Medium Business and Corporation. CORPORATE SOCIAL RESPONSIBILITY No. and responsibility of CPC is administered by CPC Secretary (Head of Loan Administration Division) c. Review the effectiveness of loan internal control system annually. Credit Administration Division as CPC secretary helps in formulating the credit policy through Circular Letter. Date 1. Frequency of CPC Meetings The committee held one meeting in 2010. 8. The meeting was attended by 16 committee members. Report and provide advice for improvement to the Board of Directors and the Board of Commissioners regarding: • the result of monitoring of BRI Credit General Policy implementation • findings and evaluations of the matters related with Article 2 and 3 as mentioned above. . MANAGEMENT DISCUSSION AND ANALYSIS 7.

a. CREDIT COMMITTEE Credit Committee is an operational committee assisting the Board of Directors in evaluating and/or deciding loan application of certain amount and types of loans decided by the Board of Director. Realization of Credit Policy Committee Work Plan A Workshop organized by CCP produced draft on Credit Execution Guideline for Medium Business and Corporation. Structure and Membership of Loan Committee The membership of the Credit Committee in 2010 was as follows: Credit Committee Members Director of Micro Small Medium Enterprise Business Director of Commercial Business Director of Institutional and SOE Business Director of Consumer Business Director of Credit Risk Management Director of Finance Director of Micro Small Medium Enterprise Business Director of Commercial Business Director of Institutional and SOE Business Director of Consumer Business Director of Credit Risk Management Final Decision Makers President Director CORPORATE GOVERNANCE CORPORATE GOVERNANCE Credit Committee (for loan decision) BRI Credit Committee (for decision on Money Market Line and Treasury Products) CORPORATE SOCIAL RESPONSIBILITY President Director Credit Committee at Directors Level 1. Credit Committee Director 2 (for Medium Company and Corporation Loan initiated by SOE Business Division) Director of Micro Small Medium Enterprise Business Director of Commercial Business Director of Credit Risk Management SUBSIDIARIES Director of Institutional and SOE Business Director of Commercial Business Director of Credit Risk Management ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Regional Office.FOREWORD COMPANY PROFILE e. Credit Committee Director 1 (for Medium and Corporation Loan initiated by Branch Office. Special Branch Office and Program Business Division) 2. 185 BRI 2011 FINANCIAL STATEMENTS . Loan Administration Division who run CCP’s daily function and roles has issued 29 credit policies in 2010. MANAGEMENT DISCUSSION AND ANALYSIS 4. The draft was submitted to the Board of Directors on 30 December 2010.

SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY c. Credit Committee Director 3 (for Medium Company and Corporation Loan initiated by Commercial Business Division and Agribusiness Division) 4. Credit Committee Directors for Restructuring Members Final Decision Makers MANAGEMENT DISCUSSION AND ANALYSIS Director of Consumer Business Director of Commercial Business Director of Credit Risk Management Director of Micro Small Medium Enterprise Business Director of Commercial Business Director of Institutional and SOE Business Director of Consumer Business Director of Credit Risk Management CORPORATE GOVERNANCE b. as for other Credit Committee’s decision shall be made based unanimously or decision must be given if all members of Credit Committee give their approval. prior to signing the signature. Ensure that the loan disbursement is made based on honest. b. For that reason and as a form of Committee’s responsibility. 2. and comprehensive manner. the Loan Committee must: a. both for individual and business groups borrowers. FINANCIAL STATEMENTS BRI 2011 186 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. is required a consultation with the Board of Commissioners. Rejecting the request or influence from related parties who intend to grant the loan based on formality. Put their signatures of approval in Loan Approval form. Granting the loan according to the professional proficiency in an objective. c. For loans with a total exposure of minimum Rp300 billion. Duties and Responsibilities of Loan Committee The role of Credit Committee is to approve or reject the loan according to the authority decided by the Board of Director. The decision of the Credit Committee shall be based on majority principle. objective. Credit Committee will coordinate with ALCO for defining source of fund to finance loans up to certain limit. accurate.COMPANY PROFILE FOREWORD Credit Committee 3. Loan Execution Guidelines (PPK) and other loan regulations. The responsibility of Credit Committee are: 1. For agribusiness and SOE loan with the total exposure is equal to or more than Rp600 billion and Rp500 billion respectively. In addition. . Ensure that the loan disbursement procedure comply with Loan General Policy of BRI (KUP-BRI). Frequency of the Credit Committee Meetings Meetings of the Credit Committee are convened when new loan approval or loan extensions are needed. 3. Ensure that all loan approval have met all banking requirements and in accordance with sound loan principals. must be consulted with the Board of Commissioners. accurate and comprehensive assessment and free from the influence of related parties.

a. 9/15/PBI/2007 dated 30 November 2007 and Bank Indonesia’s Circular Letter No. 187 CORPORATE GOVERNANCE CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . 9/30/DPNP dated 12 December 2007. Head of Retail Business Network Division 11.FOREWORD COMPANY PROFILE d. Head of Program Business Division 7. Head of Financial and Management Accounting Division 16. 625-DIR/TSI/ 10/2009 dated 19 October 2009. Head of Services Division 13. Structure and Membership of ITSC The composition of ITSC in 2010 was as follows: Chairman : Director of Operations Vice Chairman : Director of Compliance Secretary : Head of Technology and Information System Division Members: 1. BRI has established Information System and Technology Steering Committee (ITSC) based on the decree of the Board of Directors No. Head of Micro Business Network Division 12. Head of Internal Audit 2. Head of Consumer Loans Division 8. Head of Fund and Services Division 10. Head of International Business Division 15. Head of Credit Card Division 9. concerning the Application of Risk Management in the Application of Information System by Commercial Bank. Head of Operation Centers Division 18. Head of Strategic Planning and Business Development Division 3. Head of Treasury Division 14. Head of Micro Business Division 5. Realization of Credit Committee Work Plan In 2010. Head of Logistic and Fixed Asset Management Division ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. there were 26 loan approval issued by the Loan Committee MANAGEMENT DISCUSSION AND ANALYSIS 5. Head of Credit Administration Division 17. Head of Retail and Medium Business Division 6. Information System and Technology Steering Committee (ITSC) Pursuant to the Bank Indonesia Regulation No. Head of Risk Management Division 4.

Monitor the effectiveness of Risk Management of BRI Investment in IT that contributes to the achievements of business objective. and maintenance by adhering to ITSP BRI. 6. Recommend the solutions for any problems related with TIS that cannot be resolved by the user and TIS administrator in an efficiently.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS The Committee membership is ex-officio and members of the committee represent the party having direct relations with TSI as partner or user. effective. operations. Provide recommendations on policies and targets for the development of the Technology and Information System (TIS) for a five-year period as 2. Provide recommendation on prioritizing the short term (annual) and long term (5 years) of the TIS development in accordance with corporate plan and business plan. Duties and Responsibilities of ITSC 1. 4. CORPORATE SOCIAL RESPONSIBILITY c. and timely manner. Monitor and evaluate the status and implementation of IT development managed TIS on regular basis. 3. Monitor and evaluate IT development project to align with BRI strategies and plans. CORPORATE GOVERNANCE 5. Provide recommendations on changes of long term IT strategies and plans as the respond to the changes in the strategy and policy. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 188 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. stated in the IT Strategic Plan (ITSP) BRI. Review and recommend Functional Work Plan and TIS Investment and Exploitation Budget Plan for short term (annual) development. 7. ITSC Work Plan ITSC work plan is to carry out duties and responsibilities in accordance with the agenda of the committee meeting. b. . 8.

e. among other issue such as collaboration with third party. updates on IT status up to Q2-2010 was presented. The Board of Directors and all members of ITSC gave its inputs and solutions to these problems. Board of Directors provide direction among others on TI performance improvement to drive better service and improve fee-based income.FOREWORD COMPANY PROFILE d. Realization of Work Plan ITSC meeting discuss the progress of IST BRI project. The budget estimation was also expected to be accurate to align with 100% achievement. ITSP review also set the vision of future IT system as a modern bank and IT initiatives mapping with business division and IT development progress. The meeting also discussed ITSP review with the consultant. capacity planning. In ITSC Meeting I. the evaluation of application development. 189 CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . 1 CORPORATE GOVERNANCE CORPORATE GOVERNANCE 3 e. budget realization and several IST related-issues that cannot be resolved at working unit user level or IST administrator. 18 August 2010 20 October 2010 • • • • Topic/Meeting Agenda Budget Discussion for 2008 and 2010 Application Development Capacity Planning Channel Access Organization and Human Resources of TIS BRI Search Engine Direction from Director of Operations Review on current ITSP as IT BRI's blue print from 2008 to 2013 IT BRI status up to Q2-2010 IT BRI status up to Q3-2010 Direction from Director of Operations MANAGEMENT DISCUSSION AND ANALYSIS No. In ITSC Meeting II. The meeting was also discussing external auditor findings and the strategy to extend channel access. as follows: Date 31 March 2010 • • • • • • • 2 Wednesday. Frequency of ITSC Meetings In 2010. form of organization and people required. such as budget status. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. and IT preparation during Festive Holidays. a Join Planning Session was held to align IT development with user needs. ITSC BRI held three meetings. and efficiency of IT procurement by obtaining the best equipment in terms of price and maintenance requirements by exchanging information with similar industry. As part of ITSP review. i. application development.

6.e. Provide strategic direction of BRI projects at corporate level Make decisions on solutions proposed in project management that cannot be decided by Head of PMO or Project Steering Committee. inactive account and direction from the Director. Supporting Project Owner’s Unit Head b. capacity planning. 3. Directors member supervising Supporting Project Owner’s Working Unit 4. IT Division organization. Director as Head of PMO 2. The strategic decisions in project management includes investment decisions related with the projects. revising.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS In ITSC Meeting III. equipment status in Head Office and TSO audit findings. The meeting also discussed the housekeeping. i. 4. PMO Steering Committee is the highest forum/ committee in project management at corporate level ini BRI a. Structure and Membership of PMO Steering Committee 2010 Chairman : President Director Members: 1. or canceling the plan and execution of the project. budget status. five ITSP domains. 6. 5. PMO Steering Committee held meeting twice a year and reports to the Board of Directors. update on IT BRI status up to Q3-2010 was presented. approving. . status of application and feature development. Duties and Responsibilities of PMO Steering Committee 1. Project Owner’s Unit Head 5. Make decisions over issues or matters not covered in PMO General Policy and PP PMO Validate the result of Joint Planning Session Terminate the project that has no further justification to be continued SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE c. appreadiness DRC. Reallocate the budget to different projects that listed in the Project Work Plan according to prevailing regulation. FINANCIAL STATEMENTS BRI 2011 190 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. i. PMO Steering Committee PMO Steering committee plays the role to provide strategic direction and project management.e. Directors member supervising Project Owner’s Working Unit 3. 2. PMO Steering Committee Work Plan In performing its duties.

Director of Operations 2. Realization of PMO Steering Committee Work Plan The decision of PMO Steering Committee Meeting I in 2010 were: Approval to discontinue 7 projects Approval to resolve 2 projects problems by re-tendering the projects. and to reassure the stakeholders that the determination of HR policies has been executed in line with the principles of good corporate governance. Frequency of PMO Steering Committee Meeting No. efficiency. Date • • 1 16 July 2010 • • • • • 2 24 January 2011 • • • Topic/Meeting Agenda IT Project Planning 2010 Project status updates up to March 2010 Problems related to the Projects Projects that requires special attention Proposal in PMO Steering Committee IT Project Planning 2010 Project status updates up to March 2010 Problems related to the Projects Projects that requires special attention Proposal in PMO Steering Committee MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE e. Director of Credit Risk Management 4. a. approval to review setting parameter. approval to renegotiation the cost and approval to add staff for Project Team Review of 2 projects currently in progress Assesment on extending projects criteria monitored by PMO - CORPORATE SOCIAL RESPONSIBILITY The decision of PMO Steering Committee Meeting II in 2010 were: 7. Director of Compliance 3. Director of Network and Services ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 191 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . transfer of knowledge approval.FOREWORD COMPANY PROFILE d. Approval to discontinue 3 projects Approval to replace 1 project Human Resources Policy Committee This committee was formed in 2008 with the goal to improve the effectiveness. objectivity and transparency in decision making concerning human resources. Structure and Membership of Human Resources Policy Committee Chairman : President Director Members: 1. Director of Finance 5.

Policy Sector 1 2 3 4 SUBSIDIARIES 5 6 7 8 9 10 FINANCIAL STATEMENTS BRI 2011 192 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. . assessment and HR management information system. including the mutation (promotion. Human Resources Policy Committee Work Plan Human Resources Policy Committee Work Plan includes setting up the provisions for Policy and Operational matters. rotation. The details are: Date 16 Dec 2009 . Human Resources Policy Committee Meetings held 13 meetings on Policy issues and 12 Operational issues with the rate of attendance was 100%. 7. demotion).13 Jan 2010 8 – 12 March 2010 15 Feb – 22 Mar 2010 6 April – 7 May 2010 25 May – 7 June 2010 16 Aug – 1 Sept 2010 22 Oct – 10 Nov 2010 8 – 12 Mar 2010 30 April – 12 Mei 2010 19 – 20 May 2010 Meeting Agenda Revision of HR Architecture Provision on Normal Distribution 2010 Provision on Talent Pool and Succession Planning BRI Provision of Non-Performing Employees Provision of Resident Staff Development Program Provision of active service without Pension Preparation Period Provisions on Appointment & Assignment for Non-BRI employees Provisions on Short Term Incentive payment of 2009 for BRI employees Provisions on basic salary increase based on performance of 2010 Policy on bonus distribution for 2009 CORPORATE GOVERNANCE c. Making a decision on the operational aspects of Human Resources. recruitment and selection. Making a decision over Human Resources (HR) Policy. 2. 8. Role and Responsibility of Human Resources Policy Committee This committee is an operational committee having the authority in: 1. CORPORATE SOCIAL RESPONSIBILITY d. performance assesment. 9. performance management. and disciplinary actions to Level 1 and 2 officers. including HR planning. Director of Institutional and State-Owned Enterprise Business Director of Commercial Business Director of Consumer Business Director of Micro Small and Medium Enterprise Business Secretary : Head of Human Resources Management Division Vice Secretary: Deputy Head of Human Resources Management Division b. Frequency of Human Resources Policy Committee Meetings In 2010. industrial relations. career development. No. welfare.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS 6.

Head of Human Resources Management Division The membership is ex-officio. Increase of Pension Benefits and Benefits for retired employees Revision on the Assessment Center Guidelines Performance Assesment of Level 1 Officers for the period of 2009 Disciplinary Actions to Level 1 and 2 Officers. Head of Strategic Planning and Business Development Division 4. Recommend the Job Position to be approved in the Board of Directors meeting. Job Evaluation Committee Job Evaluation Committee is a committee to review and recommend the Job’s Class proposed by Job Evaluation Team. 193 FINANCIAL STATEMENTS . there were 13 provisions issued in the form of Director Letter. Decree. and Mutation promotion for Level 1 and 2 Officer to 104 persons. Rotation / Promotion for Level 1 and 2 Officers. 11 12 13 Date 11 June – 16 July 2010 30 June – 13 July 2010 9 Dec 2010 Meeting Agenda Provisions on Short Term Incentive for 2010. or Office Memorandum. Duties and Responsibilities of Job Evaluation Committee Duties of Job Evaluation Committee: 1. The stipulation of the Job will officiated in the Board of Directors Decree. Provide the direction and inputs to the recommendation of Job’s Class prepared by Evaluation Team during the Job Evaluation Committee meeting 2. SUBSIDIARIES BRI 2011 c. MANAGEMENT DISCUSSION AND ANALYSIS Operational Sector 1 2 9 Feb 2010 20 Oct 2010 2 Nov 2010 Dec 2009 Jan 2010 3 Feb 2010 April 2010 Dec 2009 e. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Director of Operations 3. Director of Compliance 2. Structure and Membership of Job Evaluation Committee Job Evaluation Committee comprises of: 1. Job Evaluation Committee Work Plan Job Evaluation Team evaluates the job position in question then presented to the Committee. a. CORPORATE GOVERNANCE CORPORATE GOVERNANCE 8.FOREWORD COMPANY PROFILE No. Realization of Human Resources Policy Committee Work Plan In 2010. CORPORATE SOCIAL RESPONSIBILITY b.

as follow: No. MANAGEMENT DISCUSSION AND ANALYSIS Frequency of Job Evaluation Committee Meeting In 2010. 1. transparency. 3. 2 February 16 February 2010 29 April 2010 Meeting Agenda BRI Financial Performance & Loan Portfolio as of November 2009 BUMN Loan Report including their Subsidiaries Action Plan on PSAK 50 and 55 Implementation CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE Performance Report as of 31 December 2009 1. The Board of Commissioners and the Board of Directors Meetings in 2010: No Month Date 1. 1 Date 17 March 2010 Meeting Agenda Presentation of Job Evaluation by Job Evaluation Team The Board of Commissioners and The Board of Directors Relationship The Board of Commissioners and the Board of Directors based their relationship on check and balances principal.COMPANY PROFILE FOREWORD d. FINANCIAL STATEMENTS 194 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 14 October 2010 23 November 2010 28 December 2010 1. and mutual respect according to their duties and responsibility in managing the company. . Job Evaluation Committee held meeting with 100% attendance level. Financial Performance as of August 2010 Action Plan on PSAK 50 and 55 Implementation 7 BRI 2011 October 8 9 November December Discussion on Budget and Work Plan 2011 Financial Performance as of November 2011 and Projection of Performance of December 2010. there are 9 meetings between the Board of Commisioners and the Board of Directors. Audited Financial Report as of 31 December 2009 Preparation of Annual General Meeting of Shareholders 2010 Financial Performance as of April 2010 Follow up on Memorandum of Audited Financial Report of 2009 by Ernst and Young. 3 April 2. In 2010. SUBSIDIARIES 5 6 August September 08 August 2010 Realization of Business Plan 2010-2012 as of Q2-2010 16 September Explanation on the Proposal and Plan to 2010 Acquire PT Bank Agroniaga Tbk. 4 June 15 June 2010 2. 1 January 12 January 2010 2. 2.

Arianto A. 6. *) **) Bunasor Sanim Soedarjono **) Agus Suprijanto Baridjussalam Hadi Aviliani Agus Pakpahan *) B.78 88.67 100. 12. BRI 2011 Effective since 20 July 2010 as Director upon obtaining approval from Bank Indonesia after conducting fit and proper test.00 66. Toni Soetirto Lenny Sugihat Asmawi Syam Suprajarto Bambang Soepeno Abdul Salam *) Achmad Baiquni **) Djarot Kusumayakti **) President Director Director Director Director Director Director Director Director Director Director Director 9 9 9 9 9 9 9 9 3 3 6 6 5 8 8 7 8 7 6 6 2 2 6 3 55.00 100.67 CORPORATE GOVERNANCE CORPORATE GOVERNANCE Non-active from the membership of the Board of Commissioner since 20 May 2010.S.67 66. 2. 11. 3.89 100. 2010 is no longer member of the Board of Directors. 3. 2. 195 FINANCIAL STATEMENTS .78 66. 4. 8.67 66.00 50.FOREWORD COMPANY PROFILE Frequency of attendance as follows: Number of Meetings Attendance (%) MANAGEMENT DISCUSSION AND ANALYSIS No. 5.89 77. 6. *) **) Sofyan Basir Sarwono Sudarto Sulaiman A.00 88. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 8. 4. 7. 9.56 88.00 83. 5.67 100. 10. Kusmuljono *) Adhyaksa Dault **) Heru Lelono **) President Commissioner/ Independent Vice President Commissioner Commissioner Independent Commissioner Independent Commissioner Commissioner Independent Commissioner Independent Commissioner Commissioner 9 6 9 9 9 3 3 6 6 9 6 6 9 8 3 3 5 4 100.33 66.67 66.00 SUBSIDIARIES Sudaryanto Sudargo *) Director Effective of May 20th. 9. 7.89 88. THE BOARD OF DIRECTORS 1.89 77. Name Position % THE BOARD OF COMMISSIONERS 1. CORPORATE SOCIAL RESPONSIBILITY Effective from 20 July 2010 as Commissioner upon obtaining approval from Bank Indonesia after conducting fit and proper test.00 100.

COMPANY PROFILE FOREWORD IV. Corporate Secretariat is responsible to the President Director.Eco Product International Fair (EPIF) Media Visit to Kontan Daily Agrinex International Expo 2010 Media Visit to Seputar Indonesia Daily Media Visit to Media Indonesia Daily Inacraft Exhibition Press Gathering of Bank BRI Indonesian Cooperatives Expo and SME Expo Media Visit to Indo Pos Daily Communication and Publication of BRI Care . Essentially. Corporate Secretariat holds a possession of this strategic position to ensure the compliance. Corporate Communication focuses on effort to build good company image. As part of its responsibility in communication. electronic and outdoor media. . and the availability of reasonable information accessible by the stakeholders. and relationship/ information flow among the working units and with other stakeholders to achieve the performance based on its vision. as well as exhibition and collaboration with third parties like press relations. through print.Mentawai Aid Communication and Publication of Aid Assistance to Merapi Eruption and Mentawai Tsunami Communication and Publication of 1 Billion Tree Planting Program & BRI Bersemi Communication and Publication of customized KUR (People's Business Loan) for Indonesian Migrant Workers (TKI) BRI Cares for Traditional Market Family Gathering BRI 115th Annivesary Communication and Publication of Biogas Project of BRI Date 20 February 2010 7 March 2010 10 March 2010 11-14 April 2010 5 April 2010 6 April 2010 21-25 April 2010 19 . BRI communicates the implementation of company program in fulfilling its responsibility as element of the nation. administration of decision making process within the company. as well as to perform communication function for building company’s goodwill.18 July 2010 13 October 2010 28 October 2010 2 November 2010 14 November 2010 15 December 2010 15 December 2010 26 December 2010 27 December 2010 BRI 2011 SUBSIDIARIES 14 15 16 17 FINANCIAL STATEMENTS 196 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 1 2 3 4 5 6 7 8 9 10 11 12 13 Event Indonesia go saving (Indonesia Menabung Activity) and Launching of "TabunganKu" product. CORPORATE GOVERNANCE Public Relations Activities in 2010 CORPORATE SOCIAL RESPONSIBILITY No. ECO Fair .20 June 2010 14 . MANAGEMENT DISCUSSION AND ANALYSIS Public Relations Building Corporate Citizenship and Stakeholders Engagement is the requirement for Company Sustainability. society and stakeholders empowerment. missions and strategies of the company. administration of the company including the Board of Directors and the Board of Commissioners secretariat. Corporate Secretariat must ensure the flow and the accessibility of information to the stakeholders. government relations and others. CORPORATE SECRETARIAT Corporate Secretariat Function One of the element in good corporate governance process is to ensure that exercise of power and the relationship among stakeholders in line with the company interest. Corporate Secretariat has main responsibility to build BRI’s corporate image through managing public relations.

B.FOREWORD COMPANY PROFILE Investor Relations Investors are strategic stakeholders whose decision are influenced by the quality and timeliness of the information. The communication materials provided directly to the investors or analysts is important information that will be used to take informed investment decisions. 20-DIR/ SDM/12/2009 dated 14 January 2010. updating the information in investor relation website and attend investor conference and non-deal roadshow within the country or world’s financial cities in Asia. In 2010. 02SKP/DHI/01/2010 dated 27 January 2010 on Changes in Company Secretary. 11/1/ PBI/2009 dated 27 January 2009 concerning Commercial Bank and also reported to Bapepam-LK and Indonesian Stock Exchange in a letter No. and roadshow/conference. To ensure the material information to shareholders is properly assigned. The appointment of Muhamad Ali as the Company Secretary has been reported to Bank Indoesia to comply with Bank Indonesia regulations No. insider trading. particularly investors and analyst. Muhamad Ali was the Head of Directors Office (2009) and Deputy Head of Corporate Secretary (2008). intentional misinformation. Corporate secretariat always strive to build good communication with capital market community. corporate secretariat uses Annual General Meeting of Shareholders (AGMS) and Annual Report for that purpose. One of the agendas in Annual General Meeting of Shareholders is presentation of accountability report from the Board of Directors and the Board of Commissioners to the shareholders on the management of the company. 49 tahun born in Purworejo on 24 February 1961. It is also responsible to keep the information on legal and regulations updated and convey the information on the actions taken by the company to the regulators. Below are the communication events held with the investors in 2010: Event Company Visit Conference Call Field Visit Analyst Meeting Roadshows / Conference (Domestic) Roadshows / Conference (International) Investor News Letters Public Expose 2008 2009 2010 138 8 15 4 4 5 2 1 166 28 21 4 2 8 2 2 199 28 29 4 5 5 3 2 The Board of Directors and the Board of Commissioners Secretariat Corporate secretariat acts as office of the boards that ensures availability of information and that the quorum for the meetings are always met by the Board of Directors and/or Board of Commissioners. Corporate Secretariat is led by Muhammad Ali who was appointed by the Board of Directors based on the BoD Decree Letter No. and conference call. Europe. Muhamad Ali. he obtained his Law Degree from UGM in 1987 and joined BRI since 2 June 1988. field visit. and United States. As a means of executing the function of Compliance. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. or other unethical acts. publish investor newsletter. BRI hold public expose and analyst meeting. In an effort to build communication with investors and analysts. field visits. Indonesia Citizen. Corporate Secretariat carries out the function of government relations to create and maintain the company’s goodwill on the perspective of regulators. Information provided not in a timely manner may give improper benefit for some people and considered as against the law because it may inflict self dealing. several local and international communication events were held to 473 investors via company visits. 197 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . Before he assumed the Corporate Secretary position. accepts company visit. MANAGEMENT DISCUSSION AND ANALYSIS Profile of Corporate Secretary CORPORATE GOVERNANCE CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY As of 1 January 2010.

The compliance function will be assumed by the staffs under the leadership of Compliance Director and Compliance Division. BRI 2011 Disseminating External Regulation to Related Working Unit This process is intended to provide a guideline and/or reference for implementation and improvement of BRI’s internal regulations. The dissemination of GCG Policy in 2010 have been cascaded to 54. both related to the loan and nonloan process. • Submissions of Policy and Procedure of Anti Money Laundering and Prevention of Terrorism Financing Program to Bank Indonesia. generally the Directors’ planned policy or decisions have met the prudential principles as stipulated in prevailing external and internal regulations. 01-KOM/ BRI/03/2010 / Nokep. 14-DIR/ DKP/03/2010 dated 8 March 2010 regarding of BRI Code of Conduct and Board Manual. CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS a.COMPANY PROFILE FOREWORD V. Implementation of Anti-Money Laundering and Prevention of Terrorism Financing (PPT) The activities in 2010 comprised of: • Issuance of Policy and Procedure of Anti Money Laundering and Prevention of Terrorism Financing Program of PT Bank Rakyat Indonesia (Persero) Tbk. g. Each employee is required to sign the BRI Code of Conduct Compliance Statement. b. Monitoring of Follow-up Actions to Examination Results Further monitoring to the policy or decisions to avoid the breach and violations in its execution stage. To ensure full compliance to the relevant laws and regulations. Compliance Function Implementation of compliance function is based on the Bank Indonesia Regulation No. . as pilot projects. 15-DIR/DKP/03/2010 dated 11 March 2010.997 employees (including the trainers). d. • Coordinating the dissemination activities of GCG policy and BRI Code of Conduct to all BRI working units. INTERNAL AUDIT AND RISK MANAGEMENT FUNCTIONS 1. 1/6/ PBI/1999 dated 20 September 1999 regarding the Appointment of the Compliance Director and the Standards for the Execution of the Internal Audit Function of Commercial Banks. APPLICATION OF COMPLIANCE. • The dissemination of this Policy and Procedure of Anti Money Laundering Program have been cascaded to 30.130 employees in 479 working units. Impact Analysis ofExternal Regulations To ensure that internal policy have met the external requirements. Decree No: S. • Monitoring the implementation of Policy and Procedure of Anti Money Laundering and Prevention of Terrorism Financing Program in BRI working units in 8 Regional Office. The result of examination reveals that in 2010. Managing BRI Good Corporate Governance The GCG activities in 2010 consists of: • Issuance of BRI GCG Policy in Joint Decree The Board of Director and The Board of Commisioners No. SUBSIDIARIES Board of Directors Policy Review The review is intended to ensure that such policy complies with prevailing regulations and meets the prudential principles. • Self assessment of GCG implementation. CORPORATE SOCIAL RESPONSIBILITY Examination on Prudential Principles The examination of prudential principles was made to the final draft of policy and or decisions planned and stipulated by the Directors. S. FINANCIAL STATEMENTS e. c. and the results published in the report of BRI Corporate Governance. 198 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BRI has undertook through the following activities: f.

effectiveness of risk management process and good corporate governance on whole bank activities. Fulfill the requirements of reporting CTR (Cash Transaction Report) and STR (Suspicious Transaction Report) to Indonesian Financial Transaction Reports and Analysis Center (Pusat Pelaporan dan Analisis Transaksi Keuangan/PPATK) Follow up data inquiry and account blocking request from external party. The report is submitted to Board of Commissioners and Board of Directors and the BRI has followed up these findings according to the policy and direction from the Board of Commissioners. With this methodology. 199 BRI 2011 FINANCIAL STATEMENTS . Audit Charter and Internal Audit Handbook BRI have SUBSIDIARIES • Bank’s internal audit performance and effectiveness as well as its compliance with the Standard of Internal Audit Function of Commercial Banks (SPFAIB) is evaluated by external auditor once every 3 years. BRI Internal Audit performed as catalyst to raise the management awareness about the cohesive importance of risk management which has been comprehensively implemented in relation with the function of internal audit as strategic business partner (SBP) for BRI working units. PPATK. Republic of Indonesian Corruption Eradication Commitee (Komisi Pemberantasan Korupsi/KPK). Therefore. Internal audit function in BRI is executed by Internal Audit Working Unit (AIN). from all audits process in 470 working units management commitment for actions are: • Adequate: 316 working units (67. as well as evaluation on adequacy. internal control and assessment on the performance of business unit. Internal Audit periodically monitors and follows up the improvements made by the auditee and will label ”Adequate” or ”Inadequate” to auditee’s actions in following up the suggestion. As of December 2010.23%) Currently under supervision : 154 working units (32. Board of Directors has ensured that internal audit functions has been established in every management level and activities as written in Internal Audit Charter about its role and its function. effectiveness.77%) MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE h. business processes and units that estimated is having a significant level of risk can be prioritized to be audited. Institutionally. Bank Indonesia. In 2010. i. BRI Internal Audit performed audit activities on significant audit areas potentials in risking the Company’s target. According to the last ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. risk potential can be minimized in line with the risk tolerance. CORPORATE SOCIAL RESPONSIBILITY 2. also been compiled by applying the Risk-Based Audit. internal audit is an Independent body. AIN have communication access to Audit Committee to coordinate and inform any matters related with the activity and audit results. Internal Audit has performed assessment on adequacy. i. Benchmarking with other Banks on best practices of compliance as reference to update guidelines and procedure system.e. The audit result will be in the form of quarterly/semi-annually audit finding report. Internal Audit Function BRI implements audit methodology of Risk Based Audit (RBA) which is periodically applied based on Corporate Risk Management Maturity. and The National Narcotics Agency (BNN). Internal Audit Function Internal Audit Roles and Functions Internal audit as one of components in internal control systems plays an active monitoring role in achieving Bank’s vision and mission.FOREWORD COMPANY PROFILE • • • Updating Customers Data in CIF BRI or Cross Border Corespondent Banking. separated from the operational working unit and directly responsible to the President Director. Monitoring the Agreement and Commitment of BRI to External Parties.

BRI Internal Audit also creates competency mapping and training needs aligned with the bank’s business development as a reference to build bank auditor competency. and fulfill to the following criteria: a. internal audit team consistently upgrade its auditors competency through sustainable education as an effort to provide necessary skills in doing their audit tasks. Suherman dan Surja (Ernst and Young) who is registered in Bank Indonesia. and balance between stakeholders’ interests and needs. In 2010. Having previous experience in application system and banking technology Understands banking products Having previous experience and understands risk management. BRI appointed PAF Purwantono. BRI internal audit have played its role according to the required standard. Capital Market Supervisory Agency (Bapepam-LK) and Department of Finance. External Audit Function In monitoring its operational activities. Professional standard of Public Accountant e. Having previous experience in auditing banking company Understands Indonesian banking regulations. Audit scope d. The appointment have been conducted according to prevailing rules and regulations and met the requirements stated by Bank Indonesia Regulations No. and other relevan regulations. d. Communication between BI and PAF Additionally. BRI also involved external auditor. PAF capacity b.. Furthermore. appointed PAF have complied with SUBSIDIARIES 4.000. Leadership and Human Resources Appreciation. e.385. The appointment of PAF is according to prevailing regulations and selected after tight bid process. The appointment of PAF have secured approval from the AGMS and Audit Committee recommendation. Contract legality c.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS evaluation report. BRI corporate cultures functioning as base of code of conducts are Integrity. The next review by independent external auditor is scheduled in 2011 and internal audit continuously development and adjusts its practice to the current standard and best practice. The fee includes out of pocket expenses (OPE). registered in the stock market. BRI Code of Conducts requires its individuals and organs to: • Comply with all prevailing banking rules and regulations • Avoid any activities that may create conflict of interest • Respect secrecy of Bank business information and all information related to all parties who conduct business with the Bank. CORPORATE GOVERNANCE c. BRI sets Code of Conducts based on corporate cultures. to audit its 2010 Financial Report The previous year the company also appointed PAF Purwantono. . Internal audit also reviews and benchmarks its Audit Guidelines as well as its Audit System and Procedure with other systems both nationally and internationally. Professionalism. FINANCIAL STATEMENTS BRI 2011 200 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Sarwoko dan Sanjaya (Ernst & Young) to audits its 2000 financial report.000. Customer Satisfaction. and Public Accountant Firm (PAF). i. they are: Bank Indonesia (BI).3/22/PBI/2001 dated 13 December 2001 on the Transparency of Bank’s Financial Condition.: a. BRI paid the fee of Rp4. Supreme Audit Agency of Republic of Indonesia (Badan Pemeriksa Keuangan/BPK). 3. Ernst & Young is one of 4 (four) multinational public accountant firm (The Big Four).(Four Billion Three Hundred and Eighty Five Million Rupiah) including 10% (ten percent) VAT and other prevailing tax to the PAF. Code of Conducts Code of Conducts is guidelines of standard behavior for every BRI organ and staff in performing their roles. b.e. CORPORATE SOCIAL RESPONSIBILITY BRI never appoints the same PAF for 5 years in a row and have appointed the same accountant partner for 3 years in a row. In order to improve its audit quality.

Board of Commissioners evaluates risk management-related policy regularly or on ad-hoc-basis as stated in the minutes of meeting and memorandum to Board of Directors. Active Monitoring by Board of Commissioners and Board of Directors Board of Commissioners and Board of Director active role in monitoring for and strategic decision making through committee under its responsibility. B. • Human resources capability is improved through risk management certification program or risk management trainings was that coordinated by the Education and Training ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 5/21/ DPNP. Active monitoring by Board of Commissioners: a. GUAVA). Board of Directors held 8 RMC and Sub-RMC meetings. Board of Directors provides infrastructure resources. if BRI and its subsidiaries employs the facility approved by Bank Indonesia as stated in Circular Letter No. To ensure effective risk management. including Financial Accounting Standard.11/33/DPNP dated 8 December 2009. The Board of Directors also plans and improve the skill quality of human resources. taxation. 96KOM/09/2010 dated 29 September 2010. • Reviewing whether the impairment methodology and documentation process. and other relevant regulations. 5/8/ PBI/2003 as revised by PBI No. the audit scope is based on the PSAK 50 and 55 unless for review on collective credit value impairment. b. In 2010. The Active Monitoring by Board of Directors: a. Capital Market Supervisory Agency (Bapepam-LK). Board of Commissioners evaluates the Board of Directors’ request that requiring their approval as stated in the Articles of Association and prevailing rules and regulations. b. Bank Indonesia. including accounting treatment is according to the principles of PSAK 50 and 55 (2006 revision). • Reviewing the information technology process to assess its compliance with PSAK 50 and 55 (2006 Revision). the adequacy of SIM implementation and appropriateness of policy. c. then the scope will be on: • Self-assessment conducted by the management in order to asses the bank's limitation conditions as stated in adjusted PAPI 2008.FOREWORD COMPANY PROFILE monitoring activities in 2010 were as follows: other requirements as stated in prevailing rules and regulations. Management Information System (OPRA. 11/25/PBI/2007 and Bank Indonesia’s Circular Letter No. as well as competent human resources. c. As for the application of PSAK 50 and 55 (2006 revision). LAS. Application of Risk Management in the Application of Information System by Public Bank includes the following: 1. procedure. The appointed PAF have delivered its audit report and management letter to the bank on time. Board of Directors have reviewed the risk evaluation methodology. and risk management manager on regular and sustainable basis by: • Allocating budget regularly to improve its human resource capability and consistently evaluates its effectiveness. • Evaluating the management’s estimates on the collective equity of loan impairment. Implementation of Risk Management Including Internal Control System The implementation of the bank’s risk management made its reference to PBI No. MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE 5. Board of Commissioners approve the Liquidity Risk Management Policy via Approval Memorandum of Board of Commissioners No. Public accountant also work independently and met the criteria that have been promised. 201 CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . system and procedure of risk management. and the limit by organizing RMC meeting regulary to discuss these issues.

c. Procedure. Quarterly RCSA Assesment Report in 2010. methodology. As part of the procedure and reporting mechanism. Monitoring. and ALCO Liquidity. Appropriateness of Identification Process. Measurement. Risk Controlling. b. Risk control is made among others via risk mitigation method. 3. the Company provides the following channel: a. Monitoring compliance on the risk limit is made on Risk Management Dashboard monthly report. regional office. RMC quarterly report. Protection against retaliation from the person or institution that being reported The implementation of WBS is directly monitored by President Director and part of development of working unit’s. course. and Capital Adequacy Ratio (CAR) by standardized approach simulation and internal model. capability. it is expected that there will be a shift from “silence” culture to “transparency” culture. total staffs that have risk management certificate are 798 employees. Risk Management is comprehensively implemented for all 8 types of risks widespread throughout all working units.e. and procedure continuosly. Risk Management implementation covering Risk Identification. conditions. As of December 2010. d. By implementing WBS. Key Risk Indicator and Risk Profile action plans that is reported to Management for monitoring and controlling significant risks. and Risk Management Information System Due to complexity. PO Box 1895 Confidentiality and Protection for the Reporting Individual a. Quarterly Bank-Wide Risk Profile Compilation. and branch office by using OPRA application. and seminars. Product and New Activity Policy FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE GOVERNANCE 202 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. data source. Qualified human resources are also made available by setting up trainings and dissemination events on OPRA (Operational Risk Assessor) and inhouse training on CRR. Risk monitoring is implemented by evaluating risk exposure in all product portfolio and business activities. and procedures in place to measure the risk in ALCO Monthly Report. Monthly Productive Assets Quality report. The steps in risk management process: a. i. and prevailing internal or external policy. business size and targets of bank business. a. d. and Limit BRI has policy and procedure in place to limit the risks. needs. e. employees CORPORATE SOCIAL RESPONSIBILITY Whisteblower System As part of support to embody the GCG culture. CRS and. Risk Profile Policy b. by considering its validity.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS • Division. Identification of risk issue at the level of head office. The company will protect the identity of the person reporting. c. Special phone number to the President Director b. Credit Risk Limit Setting Procedure Liquidity Risk Management Policy Treasury Policy BRI updates its policy. . Appropriateness of Policy. 2. Risk calculation is made by evaluating assumptions appropriateness. and effectiveness of risk management process. as well as involving the employees in workshops. b. Board of Directors implements the Whistleblower System (WBS)/Sistem Pelaporan Pelanggaran (SPP) to encourage effective employee and public participation in reporting and preventing the fraud and corruption by reporting to the appropriate party. credit risk measurement. Compliance of Treasury Risk Limit.

Internal Control System Overall control have been implemented through: a. risk measurement methodology. risk limit setting. and data/model validation. MANAGEMENT DISCUSSION AND ANALYSIS Periodically. d. namely Dana Rencana BRl (BRI Planning Fund). The deployment and dissemination of OPRA have been completed at Q42010. e. To support risk management application. Decision to treat unit management risk as an independent unit that create policy.FOREWORD COMPANY PROFILE mitigation improvement through learning and trainings. and the risks have been reviewed and monitored according to the business unit’s needs. the Company have taken the following activities: 1. second line of defense and third line of defense. Monthly data validation for all type of risks at least once a month. To further support these objectives. Treasury and Market Risk (GUAVA) application is used. f. Data validation by independent officers and working unit. The organizational structure where operational working unit (business unit) is separated from risk control function (risk management unit). In 2010 there were several new activities being scrutinized and analyzed. New product and/or new activity are also scrutinized and analyzed. b. management system in the functional activities exposed to the risks. Applying the concept of first line of defense. 4. additional capital to absorb the potential loss and regular internal audit. Market ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Electronic Money (Brizzi and SMART SIM) and Credit Card for BRI Corporate and Business. c. All transactions for functional activities having exposure to risks should obtain approval from authorized officer. 2. Regular audits by internal auditor to asses the application process and risk Commitment to The Follow Up Plan The commitment took some follow up actions on risk management functions and internal control in response to last Corporate Governance Implementation Report 2009. In order to support the market risk management application. internal control. BRI is also conducting stress testing to measure company’s capital ability in absorbing the risk of loss under extreme situation. the following MIS applications are deployed: • Treasury and Market Risk System (GUAVA) for market risk • Loan Approval System (LAS) and CRM Enhancement application for credit risk • Operational Risk Assessor (OPRA) for operational risk 3. 203 CORPORATE GOVERNANCE CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . GUAVA enables daily market risk control integrated with daily treasury transaction process. Regarding improvement on the operational risks database. Internal Audit Guidelines and Risk Control Matrix (RCM) have been revised. separated from operational working unit. Management Information System (MIS) supports integrated risk management by combine all risks into a Risk Profile Report across the bank functions (bank-wide) and provided by combining quantitative assessment of inherent risks and qualitative assessment of Risk Control System (RCS) for every functional activity. OPRA (Operational Risk Assessor) has been deployed and disseminated in all BRI working units at division/desk level in Head Office to Branch Office level.

FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 204 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. such that there will be no violation on legal lending limit in lending to related parties and lending to borrowers with large exposure.COMPANY PROFILE FOREWORD CORPORATE SOCIAL RESPONSIBILITY risk management and control by GUAVA application are providing as follows: a.825.560 30. The company has also applied the prudential principles through its diversified portfolio. MANAGEMENT DISCUSSION AND ANALYSIS Below is the total loan outstanding to related parties and large exposures as of 31 December 2010: No. .247 Borrower 10 Nominal Value ( Million Rp) 830. 6. and integrated corporate planning and control system that enable them to monitor external and internal factors. Furthermore. Currently. Calculating market risks based on available options in the application using internal model (value at risk approach) with the following methodology: variance covariance. Transaction limits and market risk limits are monitored on daily basis and enables management to control market risk loss daily. BRI is executing long term Corporate Plan 2008-2012 which is a continuation of BRI Corporate Plan of 2003-2007. It enables the management to detect the amount of significant loss that may occur on extreme situation (crisis) anytime. 2. Value at risk measurement at daily basis that enables the management to obtain the information on potential market risk loss from treasury (financial instrument) portfolio exposed to the risks (rate exchange risk and interest rate risk). b. The annual theme is used as a main reference in formulating the Business Plan. BRI’s corporate plan consist of annual budget and work plan. Loan Approval To Related Party To Prime Borrower a. Corporate plan BRI contains the company’s grand strategy and five year business objectives to be “The Best Bank in Indonesia”.739. The application also provides stress testing to the market risks. BRI has implemented “four-eye principle”. realistic. 1. Lending to Related Parties and Large Exposure BRI has lending policy to related parties and large exposures in accordance with BI Regulation on legal lending limit. historical simulation.772 CORPORATE GOVERNANCE Lending to Related Parties and the Prime Borrowers has been given in accordance with BRI loan policy and has been approved by loan committee. the company have set annual themes for Corporate Plan 2008-2012 to ensure a more focused effort in obtaining these objectives. Group 25 25 28. 7. 3 (three) yearly business plan (medium term) and 5 (five) yearly corporate plan (long term). c. Individual b. In order to meet these long term objectives. BRI has developed a systematic. and montecarlo simulation. Strategic Plan of Bank Rakyat Indonesia In implementing Good Corporate Governance. to ensure the independency of the bank management to possible intervention from related parties in deciding loan approvals.

as well as Internal Audit function in all layers within the Company. 205 MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. and Medium Enterprise while optimizing other business opportunities • To strengthening risk management • Market penetration through product and market development • Extending and optimizing operational network • Utilizating of information technology for operational efficiency and service improvement • Providing qualified and required human resources support Management responsibility for executing each of the plans is done through mechanism of General Meetings of Shareholders including evaluation on system and procedure. human resources and Company performance and organization restructuring. Small.12/27/ DPNP dated 25 October 2010 regarding Business Plan for Commercial Banks. The annual theme for 2010. The company business plan have been disseminated to all management layers and the outlines have been informed to all BRI employees. and reflected in various action plans in 2010. Several programs and strategy in business and supporting elements to achieve the company goals have been formulated. they are: • Focusing on Micro. is Professional Human Resources and Service Quality Improvement. focusing on serving MSME segments while considering other business opportunities.FOREWORD COMPANY PROFILE BRI’s strategic plan and business plan is designed in accordance with the Company’s vision and mission.12/21/PBI/2010 dated 19 October 2010 and SE BI No. BRI Business Plan Formulation have complied with the provisions in PBI No.

These channels include.bri. The Board of Directors use the forum to directly communicate the company’s strategy to Regional Managers. radio. print media. television. • Strategic Forum This forum held at least once a year. BRI also actively involved in communicating all corporate events through press release.com • • SUBSIDIARIES • Press Release Press release informs the public about BRI’s achievements. FINANCIAL STATEMENTS BRI 2011 206 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. The media used in internal communication are: • Circular Letter Circular letter provides latest policy and regulation information within the Company. The Regional Managers then cascades these targets and plan in Regional Communication Forum to the Branch Managers within its region. DISCLOSURES 1. BRI Vision BRI Vision is a visual electronic communication medium providing bank’s features and information. One of them is electronic mail (email) provided to employees ensuring smooth flow of information from the Management to all layers of employees.co. shareholders. Public can conveniently access the press release in BRI website www. The type of information and medium for external communications are: • Company Visit To obtain comprehensive information. It contains management’s activities in disseminating policies and/or communications between divisions or work units in their functions. Inspector. Email Information technology infrastructure is also available for use within the company for communication purpose. In this forum.id.bri. Press release targets public in general.id • Publication of Quarterly Financial Report in printing media. events and activities. stakeholders can access up-to-date and detailed information in the company website www. For investors. BRI Vision is put in several strategic spots within BRI buildings. and or events.ir-bri. stakeholders may contact: Corporate Secretariat Phone : +62 21 575 1966 Fax : +62 21 570 0916 E-mail : humas@bri.co. It is held at least once a year. ensuring that companywide elements follow and acts on these visions.id • • CORPORATE SOCIAL RESPONSIBILITY Website For a more convenient way to obtain the company information. .COMPANY PROFILE FOREWORD VI.co. internet. Access to Company Information The company provides several channels in communicating and disseminating information to its stakeholders. or Branch Manager. MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE External Communication External communication is established to maintain and improve company image to the public and other stakeholders. Board of Directors communicate the company’s business plan for the current year to the Head of Divisions and Regional Managers. Business Communication Forum An event where the management invite senior officers to inform company’s target and business plan. and other stakeholders. BRI provides direct access in specific website www. BRI regularly publish its Financial report in national printing media every quarter. • Public Folder A folder in company network available to be accessed by all employees containing internal general information. it contains all business progress and available for public. particularly the journalists. Internal Communication Internal communication is intended to create mediums to inform the company’s vision and directions to all employees.

Bapepam-LK. Several mainstream media is used for this purpose. To ensure effective communication of the ad. MANAGEMENT DISCUSSION AND ANALYSIS • • • CORPORATE GOVERNANCE CORPORATE GOVERNANCE 2. Transparency of Bank Financial and Non Financial Condition BRI provides all required financial and non-financial information in a transparent manner to public and related stakeholders using different media and channels. g. Savings Guarantor Institution (Lembaga Penjamin Simpanan) YLKI Indonesian Rating Institution Indonesian banks association LPPI 2 (two) Research Institutions in Economic and Finance: LM-FEUI and INDEF 2 (two) Economics and Financial Magazines: InfoBank and Investor Magazines 2 Annual Report and Corporate Governance Implementation Report SUBSIDIARIES b. prior analysis on media used and its target audience are made. d. b. c. Ministry of StateOwned Companies. e. Bank Indonesia Submitted to Bapepam-LK (Capital Market Supervisory Agency) Supreme Audit Agency of Republic of Indonesia (Badan Pemeriksa Keuangan/BPK) Ministry of State-Owned Enterprises Ministry of Finance Indonesia Stock Exchange Bank Indonesia. f. 207 BRI 2011 FINANCIAL STATEMENTS .FOREWORD COMPANY PROFILE • Analyst Meeting & Press Conference BRI actively holds Analyst Meeting and Press Conference on quarterly basis. BI. BEI. Activities that have been introduced were ”BritAma Wind of Fortune Lucky Draw” and ”Simpedes Folks Festival”. magazines. television. Ministry of Finance. f. Event BRI also initiated commercial events to improve its corporate image and awareness. d. The material is related to business progress and the audience are analysts and media journalists. and BUMN-online. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. e. and radio. Public Expose Public expose is the company's annual event to inform company performance to the public. namely newspapers. Advertisement Advertisement is the company effort to manage its image and improve public's awareness to BRI and its products. a. these medium are: : CORPORATE SOCIAL RESPONSIBILITY No 1 Type of Report Annual Financial Report a. including the publication of financial report in BRI website. c.

and other companies located in Indonesia and overseas. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 208 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. the Board of Directors. Remuneration Policy/Package and Other Facilities for Commissioners and Directors The Commissioners and Directors are entitled to remuneration and facilities stated in the following table. non bank financial institutions. and/or Controlling Shareholder All members of the Board of Commissioners and the Board of Directors do not have financial and familial relationships with other members of the Board of Commissioners. The statement regarding the shares ownership has been stated in a Letter of Statement by each Commissioner and Director.COMPANY PROFILE FOREWORD No 3 4 5 6 7 8 Type of Report Deposits Position Report Commercial Bank Monthly Report Risk Weighted Assets and Capital Adequacy Ratio Report Business Plan The Bank's Health Level Report Dividend Payment Report Bank Indonesia Bank Indonesia Bank Indonesia Bank Indonesia Ministry of Finance Submitted to Savings Guarantor Institution (LPS) MANAGEMENT DISCUSSION AND ANALYSIS 3. CORPORATE GOVERNANCE 4. List of Board of Commissioners and Board of Directors shares ownership can be obtained in Share Option section. none of the Commissioners and Directors of BRI hold shares exceeding 5% of the paid-in capital of the Bank. CORPORATE SOCIAL RESPONSIBILITY 5. . Share Ownership of Commissioner and Director As of 31 December 2010. the Board of Directors. This is the amount that the Commissioners and Directors receive within a year. and/or Controlling Shareholders. The statement of not having financial and familial relationships among members of the Board of Commissioners and the Board of Directors has been stated in a Letter of Statement to regulator. other banks. Financial and Familial Relations of members of the Board of Commissioners and the Board of Directors with other members of the Board of Commissioners.

203 10 10 10 10 7 68. 500 Million to 1 Billion Rp. economic conditions.192 6. and Tantiem of the Board of Commissioners and Board of Directors to the Dwiwarna Seri A Shareholder to be approved by the AGMS. Honorarium.051 1.645 4) 2.548 Number of Independent Party Person Million (Rp) 7 7 2.784 13. The Board of Commissioners submits the proposal of Salary.605 6. Health and Communication 2) Independent party is individuals from outside the bank having no financial.FOREWORD COMPANY PROFILE Remuneration Policy/Package and Other Benefits for Commissioners and Directors Total Received in a year (2010) Type of Remuneration and Other Benefits Remuneration Salary Bonus Regular Allowance 1) Tantiem Facilities Housing Transport Donation Total Amount of Remuneration per Person in 1 Year Above Rp. 2 Billion Above Rp.998 18. Other facility and benefits for the member of the Board of Commissioners and Board of Directors shall be decided by the Board of Commissioners pursuant to the Articles of Association.612 10 10 CORPORATE GOVERNANCE CORPORATE GOVERNANCE Number of Board of Commissioners Person Million (Rp) Number of Directors Person Million (Rp) 4 3 23.720 5. The proposal is made according to the recommendation provided by Nomination and Remuneration Committee after considering market practice. 1 Billion to Rp 2 Billion Above Rp. organizational.029 3) 10 81. 209 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . Honorarium.770 4. Board of Commissioners formulates and stipulates other facilities and benefits for member of Board of Commissioners and Board of Directors in a Remuneration Policy based on the recommendation form Nomination and Remuneration Committee.379 4. Below 500 Million 1) Consists of Festive Seasons Allowance.653 12. and Tantiem for the Members of Board of Commissioners and Board of Directors is decided by AGMS. whose periods end in AGSM of 20 May 2010 The Board of Commissioners Person Million (Rp) Directors Person Million (Rp) Independent party Person Million (Rp) MANAGEMENT DISCUSSION AND ANALYSIS 7 7 7 7 21.591 1.647 2.779 CORPORATE SOCIAL RESPONSIBILITY Procedure of Remuneration for Member of the Board of Commissioners and the Board of Directors: Decision on Salary. prevailing rules and regulations. and Company performance.153 44. share ownership and or familial relationships with the members of Commissioners. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. members of Directors and or Controlling shares or other relationship that may affect their capability to act independently. Leave. Nomination and Remuneration Committee review the policy on annual basis according. 3) Including 2 commisioners members of Board of Commissioners that is no longer serve in AGSM of 20 May 2010 4) Including remuneration for 2 Directors.

000 229.000 28.000 13.000 696. **). 2003 2. Option on shares that were given to the Directors with the exception of the President Director.000 38.500 1.780.000 38.000 376.000 345. Share Option BRI has declared its internal policy pertaining to share options by referring to the Regulation of Capital Market Supervisory Agency No.000 320.000 According to Stock Exchange regulations 5 years According to Stock Exchange regulations SUBSIDIARIES Bambang Soepeno Lenny Sugihat Asmawi Syam Suprajarto Agus Toni Soetirto Djarot Kusumayakti 5 years BRI 2011 Achmad Baiquni EXECUTIVE OFFICERS FINANCIAL STATEMENTS Note: *).000 215. Toni Soetirto do not have MSOP share.000 208. MSOP I was given during BRI Initial Public Offering (IPO) on November 10.000 50.500 4. representing shares allocated during which time the Directors were serving as the Bank’s Senior Executive.500 215.244.000 50.000 50.000 51.057. dated 14 August 1998. and in line with Bapepam-LK regulation.000 140.000 6.000 140.000 41.000 376.500 320. : Kep-44/PM/1998.000 27.500 320.500 982.115.000 38. MSOP III was carried out in the third year after the IPO Shares owned by the Directors (other than President Director) given when the relevant person is still holding executive position.500 37. A. The Share Option provision executed in three phases within 3 years is outlined as follows: 1.000 54. Bonus Share Discounted Share Allocated Additional Share MSOP 1 Shares MSOP 2 Shares MSOP 3 Shares Total Shares Price Options CORPORATE GOVERNANCE NAME Term THE BOARD OF COMMISSIONERS Bunasor Sanim Soedarjono Agus Suprijanto Heru Lelono NIL Bonus Share Discounted Share Allocated Additional Share MSOP 1 Shares MSOP 2 Shares MSOP 3 Shares Total Shares Price Options Term - CORPORATE SOCIAL RESPONSIBILITY Baridjussalam Hadi Adhaksa Dault Aviliani INDEPENDENT PARTY NAME THE BOARD OF DIRECTORS Sofyan Basir Sarwono Sudarto Sulaiman Arif Arianto 41.000 137.305.000 140.998.000 50.000 345.500 80. MSOP II was carried out in the second year after IPO 3.500 50.500 941. Mr. 210 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.FOREWORD COMPANY PROFILE Nomination and Remuneration Committee Recommendation The Board of Commissioners Feedback The General Meetings of Shareholders Remuneration Decision MANAGEMENT DISCUSSION AND ANALYSIS 6.500 757.000 137.177. Achmad Baiquni and Mr.000 3.000 137. .500 140.000 54.000 125.000 4.500 3.500 37.500 320.124.367.000 229.500 51.000 25.500 696.000 944.115.000 28.500 320.000 51.

94 MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE 8. which are formulated to give appreciation and recognition so as to achieve internal fairness on the basis of: a. motivating and retaining its best employees. BRI has formulated a salary system that is based on the best practices in the banking industry and constinuously reviews and updates the system to suit with business development as well as changes in the banking employment market practices. premium benefits. Important Cases Faced by the Company. Number of Internal Fraud In 2010. Relevant and proven working experience c. Role and contribution of the positions b. Member of Board of Commissioners and Member of Board of Directors There are not important cases that need to be dealt with by the company. The salary of BRI employees is comprised of principal salary. Ratio of highest over lowest Commissioner’s honorarium = 1. Salary Ratio (Highest and Lowest) For the purpose of attracting.11 d. and transition benefits. there were no member of the Board of Commissioners and the Board of Directors involved in internal frauds or legal case. 211 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . CORPORATE SOCIAL RESPONSIBILITY Cases committed by Position Commissioners/ Directors Permanent Employee Non-Permanent Employee 2009 Total Frauds and Case Indication Solved Being resolved internally No solutions Followed-up with legal action - 2010 - 2009 64 30 25 9 2010 96 35 57 4 2009 9 4 4 1 2010 12 6 5 1 9. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.FOREWORD COMPANY PROFILE 7. Ratio of highest Director’s salary over lowest employee salary = 53. member of Board of Commissioners and member of Board of Directors in 2010. Ratio of highest Director’s salary over highest employee salary = 2. Performance achievement Details of Salary Ratio Comprise of (Total Cash = 12 months Salary + Annual Leave + Religious Festive Allowance + Incentive + Bonus) a.92 e.45 b.11 c. Ratio of highest employee salary over lowest employee salary = 18. Ratio of highest over lowest Director’s salary = 1. Required expertise/skills and competencies d.

COMPANY PROFILE FOREWORD 10. FINANCIAL STATEMENTS 212 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. and upon consultation with the Board of Commissioner. Conflict of Interest Transactions The implementation of GCG is formulated in the Joint Decree of BRI Board of Commissioners and Board of Directors in BRI GCG Policy and internal policy on disclosure of parties with conflict of interest relationship. BRI did not participate in any funding political activities. The examination results show that BRI has sufficient policy to avoid conflicts of interest and there were no transaction that is associated with a conflict of interest. BRI 2011 13. the decision on loan granting over a certain amount need to be approved by several officers who are part of the loan committee. the loan originator will engage an independent working unit to discuss the matter such that any transaction that may not be in the interest of the Bank could be avoided. the loan initiation to a related party requires approval from the Board of Commissioners. Director of Compliance has carried out examination on prudential principles of decision and policy on Directors in lending activities and nonlending activities. .630 cases Criminal 0 cases 4 cases 4 cases 11. Loan analysis procedures and loan decision are taken based on current regulation and principles of independence. Buy Back Share and or Buy Back of Bonds In 2010. Number of legal cases as of 31 December 2010 are: MANAGEMENT DISCUSSION AND ANALYSIS Litigation Cases Completed (has permanent legal force) Being resolved Total Civil / Industrial Relations Court / State Administration Court 827 cases 803 cases 1. BRI did not conduct the activities of Buy Back Share and/or Bonds. In order to enhance the prudential aspects of the Bank and avoid a conflict-of-interest among the bank’s decision-making officers. Litigation Cases In running its business. BRI is not precluded from legal actions which represent part of Bank’s operations. Fund Allocation for Political Activities In 2010. CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE No SUBSIDIARIES Name and Positions with Conflict of Interest Name and Positions of Decision Maker NIL Type of Transaction Value of Transaction (Million Rupiah) Information 12. During 2010. Moreover. If there are potential conflicts of interest by decision maker.

32 billion for Corporate Social Responsibility. Fund Allocation for Company Social Responsibility In running its business. Area Public Facility Natural Disaster Education & Training Public Health Place of Worship Environmental Conservation Total Total (Rp billion) 3.95 26. 213 BRI 2011 FINANCIAL STATEMENTS .FOREWORD COMPANY PROFILE 14. One of BRI’s social responsibilities is to allocate some of its profit for the benefits of people and their surroundings via Partnership Program and Community Development (Program Kemitraan Bina Lingkungan/PKBL).77 7. Procedure of Customer Complaint Handling As a commitment for customer protection.32 15. In 2010.83 MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE 8. BRI spent Rp51.02 2.22 2. BRI does not merely concern about making profits but also pays attention to society and environment within BRI operating areas in Indonesia. BRI implement a procedure on handling customer complaint CORPORATE SOCIAL RESPONSIBILITY Handling customer complaints chart Customer Complaints Media used: • Mass media • Website/Email • Through employees • Working Units • Call Center Customer Response Center Escalation of problems to the relevant work unit Settlement SUBSIDIARIES Contact center for customer complaints is 14017 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.53 51.

There has been no transaction between BRI and related parties that contain any conflict of interese Implementation of Bank compliance is considered good.2 CORPORATE SOCIAL RESPONSIBILITY 5 Implementation of Compliance Function 5% 2 0. system and procedures are available in adequate scope Implementation of Internal Audit went effectively. composition. SELF ASSESSMENT ON GCG IMPLEMENTATION BRI made a Self Assessment of GCG implementation in 2010.1 6 Implementation of Internal Audit Implementation of External Audit 5% 1 0.05 FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 7 5% 1 0.1 4 10% 2 0. roles and responsibility of the Board of Commissioners have been executed effectively and efficiently in compliance with all regulations Number. and forwarded their audit results within the agreed scope of assignments 2 20% 1 0.2 CORPORATE GOVERNANCE 3 10% 1 0. Guidelines.1 NOTE *) Number. The appointed PAF and public accountants have done their duties profesionally and independently. and responsibility of the Board of Directors have been executed effectively and efficiently in compliance with all regulations The Composition and duties of the Committees have been executed in line with prevailing regulation and undertaken effectively and efficiently Bank BRI has implemented an internal policy on transaction containing a conflict of interest.COMPANY PROFILE FOREWORD VII. The execution of the duties and responsibilities of the Director of Compliance and the Compliance Division has been effective. composition. it includes all aspects that have been covered by Bank Indonesia regulations and the result of Self Assessment is qualified as “EXCELLENT”. The following are the summary of the self assessment: MANAGEMENT DISCUSSION AND ANALYSIS Summary of Composite Score in GCG Self Assessment NO 1 ASPECT ASSESED Execution of Roles and Responsibilities of the Board of Commissioners Execution of Roles and Responsibilities of the Board of Directors Adequacy and Execution of the Duties of Committees Conflict of Interest Management WEIGHT (a) 10% RANK (b) 1 SCORE (a) x (b) 0. based on internal guidelines and the minimum standard of SPFAIB The Bank has appointed the Public Accounting Firm with due consideration on prevailing rules and regulations. .05 214 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

5 = Composite Score < 5 Composite Label Very Good Good SUBSIDIARIES Good Enough Not Good Enough Not Good ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.5 = Composite Score < 2.FOREWORD COMPANY PROFILE Summary of Composite Score in GCG Self Assessment NO 8 ASPECT ASSESED Implementation of Risk Management and Internal Control WEIGHT (a) 7.50% RANK (b) 2 SCORE (a) x (b) 0. and Corporate Plan 100% 1. MANAGEMENT DISCUSSION AND ANALYSIS 9 Lending and Funding Provision to related Parties and Large Debtors 7.30 CORPORATE SOCIAL RESPONSIBILITY 11 5% 1 0.15 CORPORATE GOVERNANCE CORPORATE GOVERNANCE 10 Transparency Financial and Non Financial Condition Bank.5 1. Procedures on the implementation of internal control are adequately comprehensive and in line with the objective.15 NOTE *) Identification and mitigation of all Bank risks are considered effective to maintain an internally sound condition of the Bank.5 3. scale and complexity of the businesses and risk level of the Bank BRI has written policies.5 = Composite Score < 4.5 = Composite Score < 3.45 Explanation of Total Composite Score Composite Score Composite Score < 1. and that funds are fully diversified in order to prevent the possibility of breaching/violating the legal lending limit BRI delivered adequate Financial and Non Financial information.5 2.05 Composition and implementation of Bank Strategic Plan are based on Vision.50% 2 0. 215 BRI 2011 FINANCIAL STATEMENTS . based on existing rules and regulation and accesibility for stakeholders. GCG Implementation Report and Internal Report Bank Strategic Plan Composite Score 15% 2 0. Mission.5 4. system and procedures that are updated with high comprehension to ensure that the decision making for fund placement is taken independently.

Policies on evaluating and completing a number of company’s regulations for complying with GCG principles. However. It needs continuous improvement. . and commitment of all company’s organs in all layers. Dissemination programs by related working units regarding the implementation of GCG. which are continuously implemented and developed by means of performance improvement program in all BRI working units b. BRI has adopted: a. Corporate Codes of Conduct. Corporate Values. To support this condition. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 216 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. d. GCG implementation needs sufficient Management Information System (MIS). which have been agreed upon to be the behavior and action guidelines in undertaking daily tasks c. CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS Weaknesses There was no significance weakness which hindered the implementation of GCG.COMPANY PROFILE FOREWORD Strengths and Weaknesses of GCG Implementation at BRI Strengths The Board of Commissioners and the Board of Directors have strong commitment to implement GCG in every BRI business activities by building understanding. concerns. so that the information can be easily accessed and give the benefits to Management.

BALANCE . Adjusting the balance of the spin is the key to this game. BRI focuses not only on the company’s development but also giving values to community and environment.Chapter Corporate Social Responsibility 5 A top spins from its axis and rests its balance in one point.

. is one of the forms of the company’s responsibilities to participate in improving communities’ welfare and supporting the development of the nation. Partnership Program and Community Development Program (Program Kemitraan dan Bina Lingkungan/ PKBL). and every year it is decided by the BRI’s General Meeting of Shareholders (GMS). including cooperatives which are considered as feasible business institutions but do not qualify for BRI’s commercial loans.28 0. BRI distributed Partnership Program fund of Rp6. BRI’s vision as a leading commercial bank that always emphasizes on customer satisfaction will not be realized without the support from the communities surrounding the company’s operational areas. In 2010.41 2.FOREWORD Corporate Social Responsibility COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS BRI’s vision as a leading commercial bank that always emphasizes on customer satisfaction will not be realized without the support from the communities surrounding the company’s operational areas.75 CORPORATE SOCIAL RESPONSIBILITY CORPORATE SOCIAL RESPONSIBILITY Partnership Program BRI’s Partnership Program finances and develops micro and small businesses. PKBL is mandated by shareholders and its implementation is in accordance with the Minister of State Owned Enterprises (SOE) Regulation No. Besides providing partnership loans with simple requirements. PER-05/MBU/2007 dated 27 April 2007 concerning SOE’s Partnership Program with Small Business and Community Development Program. which is dedicated to the interest of communities especially in the proximity of BRI operational areas.75 billion in the form of loan to 231 fostered partners.82 0. BRI also guides its partners to develop their businesses. CORPORATE GOVERNANCE commercial loans.58 0. Partnership Loan 2010 Economic Sector Industry Trade Agriculture Farming Plantation Fisheries Services Others Total In billion Rupiah 2. The activities conducted often involve partnership in regional or national exhibitions.03 0. and Rp1. These activities help the empowered partners in marketing their products. The PKBL’s fund is allocated from the company’s earnings.05 0.60 0 6.05 billion for training and assistance activities. so in the future they can access the BRI’s Fisheries 4% Services 9% SUBSIDIARIES 12 % 1% Farming 38% Trades Agriculture BRI 2011 Partnership Loan 2010 FINANCIAL STATEMENTS Industry 36 % 218 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. This program is expected to enhance productivity of micro and small enterprises.

82 2. 219 BRI 2011 FINANCIAL STATEMENTS .00 CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY CORPORATE SOCIAL RESPONSIBILITY Environmental Conservation 11% Public Facilities 6% 5% Natural Disaster Relief Places of Worship 6% Community Development Fund 2010 55% SUBSIDIARIES Public Health 17% Education ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. and natural disaster reliefs.02 5. environmental conservations.50 billion for SOE Cares.50 0.45 2.FOREWORD COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS BRI Cares BRI Cares is a Community Development Program aimed to empower communities surrounding BRI’s operational areas. education and training. places of worship.53 2.82 billion for Community Development Funds. public health facilities.22 3. BRI had distributed Rp48. The scope of BRI Cares is renovating public facilities. so they can have better living. and Rp2.77 26.83 8. Community Development Fund BRI Cares Natural Disaster Relief Places of Worship Education and Training Public Health Public Facilities Environmental Conservation SOE Cares Natural Disaster Relief Environmental Conservation In billion Rupiah 48. Throughout 2010.50 2.

ambulance and feeder cars for hospital patients. medicine. constructing location for street vendors and renovating traditional markets trough in BRI Cares for Traditional Market (BRI Peduli Pasar Rakyat / BRI PESAT). building bus shelters. BRI Cares for Natural Disaster Relief tries to respond as quickly as possible in a disaster condition. . The aid consists of refugee tents. Delivery of aid to natural disaster victims in Mentawai BRI 2011 FINANCIAL STATEMENTS 220 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. anywhere. BRI distributed aid for natural disaster relief in Merapi.COMPANY PROFILE FOREWORD CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS BRI Cares for Public Facilities Public facilities is greatly needed by community to support its economic and social functions and BRI support it by BRI Cares for Public Facilities Program.45 billion for natural disaster relief programs.02 billion for these activities. Building bus shelter in front of the Aceh Barat State Hospital Giving ambulance for Al Falah Mosque Foundation SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE SOCIAL RESPONSIBILITY BRI Cares for Natural Disaster Relief Natural disaster can strike any time. Throughout 2010. and other needs during emergency situation. clothing. BRI had distributed Rp2. BRI Cares for Public Facilities distributed Rp3. and can befall to anyone. Mentawai and Wasior. The assistance includes the procurement of motorbike for trash collectors. blankets. food.

procuring ambulances. in the forms of free medication services.22 billion for this program. constructing educational facilities. BRI Cares for Public Health One evidence of BRI’s Cares in improving the health quality of Indonesian is in BRI Cares for Public Program. BRI had distributed Rp8. SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS Assistance in building a mosque in Padang ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE College students. and renovating school buildings. organizing blood donor events. as well as building and renovating places of worship in the proximity of BRI branches all over Indonesia. CORPORATE SOCIAL RESPONSIBILITY CORPORATE SOCIAL RESPONSIBILITY Mass circumcisions to celebrate the BRI’s 115th birthday BRI Cares for Places of Worship The comfort of places of worship is one of BRI’s major concerns. 221 . the BRI scholarships recipients for Best high school graduate in Papua and West Papua Welcoming ceremony for prospective students from Papua in University Diponegoro. Rp 26.FOREWORD COMPANY PROFILE BRI Cares for Education BRI understand that the future of our nation is determined by the quality of education for its youths.77 billion of fund for religious events donation. Semarang. BRI Cares distributed Rp2.83 billion had been distributed in the form of BRI Cares for Education Program. and organizing bazaar. BRI distributed assistance in the form of scholarships for high school and college students. building healthy houses.

01 billion. and to assist the reforestation of Citarum riverbanks. Fund allocated for these activities is Rp6. Bazaar of SOE-BRI Cares FINANCIAL STATEMENTS BRI 2011 222 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Assistance in Lereng Merapi reforestation SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE SOCIAL RESPONSIBILITY SOE Cares for Community Development Program BRI has been allocated 30% of Community Development fund for SOE Cares Community Development Program with scope of activities as determined by the Minister of State Owned Enterprises.50 billion had been distributed to quickly respond to the victims of natural disaster of Merapi eruption.COMPANY PROFILE FOREWORD CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS BRI Cares for Environmental Conservation Balance in nature must be maintained for the sake of human survival. The Community Development Program Fund of Rp2. BRI maintains and preserves the environment. The activities include planting productive trees in the areas of BRI working units. and biogas installation to socialize the newest energy utilization to the community around BRI working units. . Through BRI Cares for Environmental Conservation Program. along with the nearby community.

When the song ends.Chapter Subsidiary 6 Indonesia’s version of traditional children’s game. the players must stop walking and the catchers catch the player stopping underneath their arms. where two children act as the catchers and the rest sing and walk underneath the joined hands of the catchers. BRI is always selective in taking on business opportunities toward developing its business. Selective . London Bridge is Falling Down.

SMS banking. To improve the performance and to put more focus on managing sharia banking. 45. notary in Jakarta. internet banking.10/67/ KEP. With the emergence of sharia banking in Indonesia. and the types of product are BRIS Savings. sharia rural bank/BPRS. Hajj loan. 27.. effectively started on 1 January 2009. MANAGEMENT DISCUSSION AND ANALYSIS COMPANY PROFILE Historical Background PT Bank BRISyariah (BRISyariah) was established based on the BRI’s aspiration to serve the whole Indonesian society.. notary in Jakarta. To provide better services to its valued customers. retail and linkage financing (sharia-based multi-purpose cooperative/ KopSyah. including the needs for sharia banking services.FOREWORD PT Bank BRISyariah PT Bank BRISyariah (BRISyariah) was established based on the BRI’s aspiration to serve the whole Indonesian society. A range of financing products include micro financing (Mikro 25. Funding products are aimed at retail and institutional customers. Bank Jasa Arta was converted into PT Bank BRISyariah. consumer financing comprising housing loan (Kredit Kepemilikan Rumah/KPR). whereas the other 0. on 14 April 2002 BRI established BRI Sharia Business Unit (UUS) with two offices operating in Jakarta and Serang. notary in Jakarta. 61.H. based on Acquisition Deed No. financing and e-banking services. This process also transformed the business core of the company. Products and services developed by BRISyariah comprise funding. signed before Fathiah Helmi.H. Sharia Banking Products and Services The vision of BRISyariah is to become a leading modern retail bank offering various affordable financial services based on the customers’ needs. To achieve this vision. and commercial financing. signed before Fathiah Helmi. To fulfill such needs. To fulfill such needs. BRISyariah has endevour in developing and preparing products and services in accordance with sharia principles.. S. employee cooperative and retail).GBI/DPG/2008. dated 19 December 2007 signed before Imas Fatimah. on 14 April 2002 BRI established BRI Sharia Business Unit (UUS) with two offices operating in Jakarta and Serang. pawn.00125% of the stocks are owned by BRI Employee Welfare Foundation. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES SUBSIDIARY CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE 224 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. from a conventional bank to sharia bank. and alternative channels comprises co-branding and membership. BRISyariah provides e-banking service. ATM.H. BRI acquired Bank Jasa Arta. The deed stipulates that BRI owns 99. on 19 December 2008 the management of BRI decided to spinoff of UUS BRI and merged it with PT Bank BRISyariah. multifinancing. and the Decree Governor of Bank Indonesia No. including the needs for sharia banking services. The development of e-banking services include phone banking. retail current accounts. KMJ or leasing. dated 16 October 2008. alternative channels and direct banking.99875% of the stocks. S. motor vehicle loan (Kredit Kendaraan Bermotor/ KKB). as decreed in Deed No. as decreed in Deed No. S. dated 22 April 2008. In 2008. multi-purpose loan (Kreedot Multi Guna/KMG). Mikro 100). . EDC and cash management. Mikro 75. Hajj savings. time deposit and current accounts for institution legal bodies.

This is an increase of 112.78% from the year 2009 that recorded Rp3. This decrease was due to the company’s strategies in expanding the network and improving the quality and quantity of information technology and human resources. To support customers in their transactions and to provide them with various services.421 fulltime employees and 1. In 2010.2 billion. BRISyariah's achievements in 2010 will be the platform. such as ATM Bersama. Currently. 225 SUBSIDIARIES SUBSIDIARY BRI 2011 FINANCIAL STATEMENTS . which was recorded at Rp1. The various products and services. which reached Rp16.594 employees. This is a growth of 112. BRISyariah recorded collected third-party funds of Rp5. an increase of 217.53 trillion in financing. BRISyariah set its focus on the development of its information technology and e-banking. one of them is The Most Favorite Service Quality and Product For Sharia Banking from Property Bank on 29 July 2010. In 2010. In 2010.000 sharia service outlets.81 trillion. For 2011. and BRISyariah also received ISO 9001:2008 in 2010 for its implementation of ISO in operation and services. consisting of eight main branch offices. In 2010. In 2010 BRISyariah booked net profit of Rp10.76 trillion.51% capital adequacy ratio (CAR). BRISyariah also had the capital of Rp955 billion in 2010. which was recorded at Rp448 billion. BRISyariah had its network around the country. ATM Prima and ATM BRI.86 trillion.60 trillion.FOREWORD COMPANY PROFILE Business Performance BRISyariah continuously strives for better performance by improving the bank’s infrastructures. of which the bank will continue to improve its performance in order to remain competitive in the fast growing sharia banking industry in Indonesia. a decrease from net profit booked in 2009. By the end of December 2010. BRISyariah received a number of awards and recognition. BRISyariah reported total assets of Rp6. which was recorded at Rp2. By 2014. MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY Development Plan The management of BRISyariah has drafted strategies for the company until 2014.87% from that of the year 2009. the management has set the main target of opening 105 working units and 1. human resources and other operational tools. nine cash outlets and six sharia service outlets located at BRI offices. The improving performance of BRISyariah in 2010 shows that the management has been on the right track in their strategies.79% from the same period in 2009.53 billion.66% increase compared to 2009. supported by strong and sophisticated network. By the end of December 2010. BRISyariah supported by 3. BRISyariah recorded Rp5.000 sharia service outlets. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. an increase of 115. One of the strategies is the expansion of the bank’s network as a step toward providing the best services to the bank’s valued customers. comprising 2. BRISyariah carried out various shared ATM networks.36% compared to the financing did in 2009.173 outsourced workers. by continuously improving the infrastructures and data centers including the bank’s Management Information System (MIS). technology and human resources help BRISyariah grow. 26 branch offices. 52 sub-branches.18-trillion worth of total assets. BRISyariah was ranked third as the Best Full-fledged Sharia Bank from Islamic Finance in August 2010. or a 20. BRISyariah had 21. BRISyariah is expected to have 200 working units and 6.

the management has requested to Bank Indonesia that BRISyariah be recognized as a foreign exchange bank. For the bank’s total assets.47 trillion.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS Business targets and strategies of BRISyariah are reflected in several financial indicators. and the target for financing for 2011 is Rp9. BRISyariah set the target of Rp10.30 trillion in 2014. .56 trillion in 2011 and Rp31. and is planning to go public in 2013 to help accelerate the company’s business development. To develop the business even more.22 trillion. and Rp24. BRISyariah is also building a strategic partnership to establish bancatakaful/ bancassurance. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES SUBSIDIARY CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE 226 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. The bank’s target of third-party funds for 2011 is Rp9.60 trillion for 2014.

Players need planning. Well-Planned . strategy and sharp observation to pass each stage. and continuously makes necessary changes in line with the changes in business climate.Chapter 2011 Strategic Plan 7 This traditional child’s play requires the players to pass to several stages of achievement. BRI sets the company’s long-term goal in order to reach its vision.

The target for corporate loan expansion is especially SOEs and private sectors. This is clearly seen by it’s management policy to implement strategic plans and work programs. BRI sets the target of loan growth by keep focusing on MSME’s financing without leaving bigscale financing. and to achieve the target to become The Best Bank in Indonesia. gas and mineral and telecommunication. aside from other non-commercial loans. the direction of the management policy is as follows: MANAGEMENT DISCUSSION AND ANALYSIS COMPANY PROFILE Loan In 2011. both in business and support. through people business loan (Kredit Usaha Rakyat/KUR) program. improving Service Level Agreement (SLA) for loan and initiating competitive pricing strategy. infrastructures and other productive business sectors. and improving fee-based income. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE 228 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. In brief. The success indicator of this strategy is a high growth in loan expansion. BRI also provides micro and small commercial loan to customer that are not bankable. approaching the potential customers and utilizing database of BRI’s existing customers.FOREWORD 2011 Strategic Plan In order to improve the bank’s performance. strengthen its position in the banking industry in 2011. BRI remains observant to prudential principles and always prioritizes projects that are guaranteed by the government so as not to significantly affect the bank’s capital performance. yet they are feasible. or at least the growth is similar to the national loan growth. BRI supports this expansion strategy by improving either quality and quantity of the loan officers. . such as energy. BRI conducts marketing activities by doing business gatherings. especially those in agribusiness (including foods). corporate business development is still aimed at financing and funding. especially in sectors which have been the government’s program to support national economic development and/or have connection with MSMEs. BRI has set aggressive corporate strategies. To accomplish realize the target. In 2011.

intensively doing promotion in order to acquire new customers. 229 CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 BRI 2011 FINANCIAL STATEMENTS . cash management and bancassurance for performance evaluation. BRI also conducts loan restructuring on NPL to lowering cthe provision of the earning assets. BRI remains with its strategy of collecting sustainable third-party funds while optimizing funding through the management of securities and government bonds to support financing. priority banking. In 2011. BRI periodically evaluates administration fee for saving products. financial institutions pension funds (Dana Pensiun Lembaga Keuangan/DPLK). CORPORATE GOVERNANCE Fee-Based Income In order to increase fee-based income. BRI attempt to optimize its banking services.FOREWORD COMPANY PROFILE While keep disbursing loan. providing quality services and launching effective marketing to maintain the customers loyalty to the bank. new ATM and trade finance features. BRI also continues with its strategies in managing Treasury Single Account (TSA) and focusing on outlets with high potential fund. BRI collects institutional funds from SOEs and private corporations. MANAGEMENT DISCUSSION AND ANALYSIS Third-Party Fund BRI sets its focus by collecting third party funds especially low cost funds (saving accounts and demand deposits ) and maintaining its composition minimum of 60% of the total third-party funds. and improving loan recovery which have been written-off. credit card. To achieve this. BRI also remains innovative by creating and improving saving products with appealing features. BRI continuously maintain its loan quality. sale of securities. BRI continuously develops and improves its information technology to provide better services to its loyal customers. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. such as trustee.

. the sub-ordinated debt or hybrid capital issuance will be able to provide optimum benefit to BRI. These are not limited to urban areas. sub-branch offices. in order to support business expansion and the implementation of operational risk in calculating Capital Adequacy Ratio (CAR). with the goals to maintain brand awareness and corporate image. In 2011 BRI will continue its strategy in expanding new outlets. such as branch offices. BRI is recruiting new employees. To meet the needs of the organization. Regarding IT system.COMPANY PROFILE FOREWORD BRI’s business development is closely related to the role of support division. both for marketing officers and for supporting employees and BRI pays close attention to the required competence of its new recruits. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 230 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BRI Units. Therefore. They are human resources. Teras BRI and mobile units and electronic channel. For the capital requirement. information technology and network. BRI will continuously do marketing communication of every banking products and services in accordance with the corporate marketing strategy. To support the business development. BRI continues to develop its IT system to anticipate the number of transactions that continually grow. cash outlets. as BRI also pays attention to its customers in rural areas. BRI has prepared the strategic plan to support the business growth mentioned above by issuing new sub-ordinated debt or hybrid capital while keep considering the market condition.

Chapter Financial Statements “Western Jacks”. arrange the jack and at the end catch the ball back in one action. one of traditional game using one ball and the jacks. This game require the ability of the player while to bounce the ball. BRI is able to measure and increase its human capital competencies to capture the opportunities and to achieve outstanding performance 8 Accurate .

MANAGEMENT DISCUSSION AND ANALYSIS

COMPANY PROFILE

FOREWORD

BOARD OF DIRECTOR’S STATEMENT REGARDING THE FINANCIAL STATEMENT RESPONSIBILITY AS FOR THE YEARS ENDED 31 DECEMBER 2010 AND 31 DECEMBER 2009 PT BANK RAKYAT INDONESIA (PERSERO) Tbk. We, the undersigned: 1. 2. Name Office Address Home Address Phone Number Job Title Name Office Address Home Address Phone Number Job Title : : : : : : : : : : Sofyan Basir Jl. Jend. Sudirman No. 44-46 Jakarta 10210 Jl. Uranium I Blok B 42 Permata Hijau, Jakarta Selatan 251 0286 President Director Achmad Baiquni Jl. Jend. Sudirman No. 44-46 Jakarta 10210 Jl. Taman Wijaya Kusuma III/21 C Jakarta Selatan 575 1741 Director of Finance

CORPORATE GOVERNANCE

CORPORATE SOCIAL RESPONSIBILITY

Declare that: 1. We are responsible for the preparation of the Financial Statement of PT Bank Rakyat Indonesia (Persero) Tbk. 2. The Financial Statement have been prepared and presented in accordance with generally accepted accounting principles in Indonesia 3. a. All information has been disclosed in a complete and truthful manner; b. The Financial Statement do not contain false material information or facts, nor do they omit material information or facts; 4. We are responsible for the internal control system of PT Bank Rakyat Indonesia (Persero) Tbk. This is our declaration, which been truthfully.

FINANCIAL STATEMENTS FINANCIAL REPORT

BRI 2011

SUBSIDIARIES

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These consolidated financial statements are originally issued in the Indonesian language.
COMPANY PROFILE

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY CONSOLIDATED FINANCIAL STATEMENTS WITH INDEPENDENT AUDITORS' REPORT YEARS ENDED DECEMBER 31, 2010 AND 2009

MANAGEMENT DISCUSSION AND ANALYSIS

Table of Contents

Page Independent Auditors' Report Consolidated Balance Sheets .................................................................................................... Consolidated Statements of Income .......................................................................................... Consolidated Statements of Changes in Equity ......................................................................... Consolidated Statements of Cash Flows ................................................................................... Notes to the Consolidated Financial Statements .......................................................................
234

1236 -5 6241 -7 8243 -9 10 -245 11 12 - 147 248

CORPORATE GOVERNANCE

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CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS

FINANCIAL STATEMENTS FINANCIAL REPORT CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS COMPANY PROFILE FOREWORD

BRI 2011

SUBSIDIARIES

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FOREWORD

COMPANY PROFILE

MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY

SUBSIDIARIES

BRI 2011

FINANCIAL REPORT FINANCIAL STATEMENTS

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

COMPANY PROFILE

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY CONSOLIDATED BALANCE SHEETS December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated)

Notes ASSETS CASH CURRENT ACCOUNTS WITH BANK INDONESIA CURRENT ACCOUNTS WITH OTHER BANKS Allowance for impairment losses 2a,2c 2a,2c,2g,4 2a,2c,2f,2g,5

2010

2009

MANAGEMENT DISCUSSION AND ANALYSIS

9,975,712 19,989,683 5,658,116 (63) 5,658,053

8,139,304 12,893,414 9,081,086 (90,811) 8,990,275

CORPORATE GOVERNANCE

PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS - net of unamortized Interest of Rp17,481 as of December 31, 2009 Third parties Related parties Allowance for impairment losses

2a,2c,2e,2f, 2h,6,43

83,057,390 215,000 83,272,390 (250) 83,272,140

40,438,290 193,000 40,631,290 (136,233) 40,495,057

CORPORATE SOCIAL RESPONSIBILITY

SECURITIES - including unamortized premium of Rp535,117 as of December 31, 2009 and net of unamortized discount of Rp123,776 as of December 31, 2009 Allowance for impairment losses

2a,2c,2f,2i, 7,22,23

22,516,173 (1,510) 22,514,663

24,535,241 (57,109) 24,478,132 551,172 (5,512) 545,660

EXPORT BILLS Allowance for impairment losses

2c,2f,2j,8

741,757 (7,418) 734,339

SUBSIDIARIES

GOVERNMENT RECAPITALIZATION BONDS SECURITIES PURCHASED WITH AGREEMENTS TO RESELL - net of unamortized interest of Rp775 as of December 31, 2009

2c,2i,9,22

13,626,463

15,027,074

BRI 2011

2c,2u,10

501,381

503,887

FINANCIAL STATEMENTS FINANCIAL REPORT

The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.

1

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These consolidated financial statements are originally issued in the Indonesian language.

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY CONSOLIDATED BALANCE SHEETS (continued) December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated)

COMPANY PROFILE

Notes DERIVATIVES RECEIVABLE Allowance for impairment losses 2c,2f,2af,11

2010 87,870 87,870

2009 144,921 (1,449) 143,472

MANAGEMENT DISCUSSION AND ANALYSIS

LOANS Third parties Related parties Allowance for impairment losses

2c,2e,2f, 2k,12,43

246,504,161 460,077 246,964,238 (13,991,454) 232,972,784

205,037,003 485,391 205,522,394 (11,279,891) 194,242,503 2,600,174 (88,257) 2,511,917 352,716 (4,502) 348,214

CORPORATE GOVERNANCE

SHARIA RECEIVABLES AND FINANCING Allowance for impairment losses

2f,2l

5,524,968 (111,376) 5,413,592

ACCEPTANCES RECEIVABLE Allowance for impairment losses

2c,2f,2m,13

666,878 (6,669) 660,209

CORPORATE SOCIAL RESPONSIBILITY

INVESTMENT IN SHARES OF STOCKS Third parties Related parties Allowance for impairment losses

2c,2e,2f, 2n,14,43

1,646 134,130 135,776 (1,888) 133,888

1,646 111,477 113,123 (1,662) 111,461

PREMISES AND EQUIPMENT Cost Accumulated depreciation Net book value DEFERRED TAX ASSETS - net OTHER ASSETS - net TOTAL ASSETS

2o,2p,15

5,405,013 (3,836,068) 1,568,945

4,945,008 (3,578,796) 1,366,212 1,915,026 5,235,421

SUBSIDIARIES

2ag,36c 2c,2f,2q,2r,16

2,295,101 4,880,779 404,285,602

BRI 2011

316,947,029

FINANCIAL REPORT FINANCIAL STATEMENTS

The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.

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FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

COMPANY PROFILE

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY CONSOLIDATED BALANCE SHEETS (continued) December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated)

Notes LIABILITIES AND EQUITY LIABILITIES LIABILITIES DUE IMMEDIATELY DEPOSITS FROM CUSTOMERS Demand deposits Third parties Related parties 2c,2s,17 2c,2e,2t,43 18

2010

2009

MANAGEMENT DISCUSSION AND ANALYSIS

4,123,639

4,333,232

77,042,297 6,400 77,048,697

49,959,614 5,302 49,964,916 129,297 104,068,469 50,266 104,118,735 313,800 30,731 99,842,774 191,525 100,034,299 1,336,483 255,928,261

Wadiah demand deposits Savings deposits Third parties Related parties 19

315,779 125,145,383 52,135 125,197,518

CORPORATE GOVERNANCE

Wadiah savings deposits Mudharabah savings deposits

738,227 54,005 20 125,826,676 482,910 126,309,586

CORPORATE SOCIAL RESPONSIBILITY

Time deposits Third parties Related parties

Mudharabah time deposits Total deposits from customers DEPOSITS FROM OTHER BANKS AND FINANCIAL INSTITUTIONS

3,988,585 333,652,397

2c,2t,21

5,160,315

4,449,907

FINANCIAL STATEMENTS FINANCIAL REPORT

BRI 2011

SUBSIDIARIES

The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.

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These consolidated financial statements are originally issued in the Indonesian language.

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY CONSOLIDATED BALANCE SHEETS (continued) December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated)

COMPANY PROFILE

Notes SECURITIES SOLD WITH AGREEMENTS TO REPURCHASE - net of unamortized interest of Rp31,703 as of December 31, 2009 DERIVATIVES PAYABLE ACCEPTANCES PAYABLE TAXES PAYABLE FUND BORROWINGS - net of deferred provision of Rp1,895 as of December 31, 2009 ESTIMATED LOSSES ON COMMITMENTS AND CONTINGENCIES OTHER LIABILITIES

2010

2009

MANAGEMENT DISCUSSION AND ANALYSIS

2c,2u,7,9,22 2c,2af,7,11 2c,2m,13 2ag,36a

526,365 81,801 666,878 1,930,923

544,464 277,302 352,716 343,492

2c,23 2f,24 2c,2p,2w,2aa, 25,41,44b

9,454,545 93,422 9,766,026

13,611,399 101,737 7,068,716

CORPORATE GOVERNANCE

SUBORDINATED LOANS - net of deferred issuance costs of Rp9,358 as of December 31, 2009 TOTAL LIABILITIES

2c,2v,26

2,156,181 367,612,492

2,678,422 289,689,648

CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS

The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.

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239

291 2.164.387 was eliminated as a result of quasi-reorganization as of June 30.999.27a.852.30.699.024. 2010 and 12. 2010 and 2009 (Expressed in millions of Rupiah.381 316.000.999 Series B shares) as of December 31. 5 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.285.852. unless otherwise stated) Notes EQUITY Capital stock .3.27b Differences arising from the translation of foreign currency financial statements 2ae.000 shares (consisting of 1 Series A Dwiwarna share and 29.27c Stock options 2ab.27d Appropriated Unappropriated Total retained earnings TOTAL EQUITY TOTAL LIABILITIES AND EQUITY 2010 2009 CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 6.349 89.816 17.956 19.000.581.(accumulated losses of Rp24.773.694 27.500 shares (consisting of 1 Series A Dwiwarna share and 12.28 Unrealized gain on available-for-sale securities and Government Recapitalization Bonds net of deferred tax 2i Retained earnings .329.110 404.974.334.148.834. 2003) 2d.602 7.999.999 Series B shares) Issued and fully paid capital 12.Rp500 (full Rupiah) par value per share Authorized capital .167.722.123.27a Additional paid-in capital 2d.564 432.673.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.029 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.000 shares (consisting of 1 Series A Dwiwarna share and 12. 240 .926 2.499 Series B shares) as of December 31.329.947.237 - 6.488 CORPORATE SOCIAL RESPONSIBILITY 7. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY CONSOLIDATED BALANCE SHEETS (continued) December 31.858 47.580.204 27.878 10. 2009 1.809.947 12.257.977 561.160 36.334.

2z 2y.305 168.615.net Others Total other operating income Provision for impairment losses on financial and non-financial assets .2af 2i.732.493 643.880.544.431 142.049.421. investment and sharia income Interest expense.269.654 5.946.284.net Provision for allowance for impairment losses on non-financial assets .315 35. 2010 and 2009 (Expressed in millions of Rupiah. other charges and Sharia charges Interest expense and other charges Sharia charges Total interest expense.533 127.32 (7.649) BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.net Gain on sale of securities and Government Recapitalization Bonds .31 2z (11.179.29 2l.net Other operating income Fees Recovery of assets written off Gain on foreign exchange .767) 2f (45.263 3.30 43.475 1.726.7.546 713.499) SUBSIDIARIES 2f.334. other charges and Sharia charges Interest Income .495 CORPORATE GOVERNANCE 2ad.321 277.536) (5.253 2.448.9 3.042.255 1.636) 23. investment and sharia income Interest and investment Sharia income Fees and commissions Total interest.559) 32. 241 .704) (12.9 2y 2.341 261.888 80.162 33.143 773.525.203 CORPORATE SOCIAL RESPONSIBILITY 2i.019 152.606) (11.603 (12.594 2f.953) (277.net Reversal of allowance/(provision) for estimated losses on commitments and contingencies .222) (362.7.971.932) (104.net 2010 2009 MANAGEMENT DISCUSSION AND ANALYSIS 2x.131 2x.846 75. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY CONSOLIDATED STATEMENTS OF INCOME Years Ended December 31.24b 8.net Other fees and commissions Unrealized gain on changes in fair value of securities and Government Recapitalization Bonds .315 (14. 6 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. unless otherwise stated) COMPANY PROFILE Notes INCOME AND EXPENSES FROM OPERATIONS Interest.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.888.669 44.126.

991) (2.113.721) (4.633.472.659 1.43 2o.001 506.711.141.536) (16.880) 50.675. unless otherwise stated) Notes Other operating expenses Salaries and employee benefits General and administrative Premium paid on Government Guarantee Program Others Total other operating expenses INCOME FROM OPERATIONS NON-OPERATING INCOME .385 (6.944 7.569 9. 2010 and 2009 (Expressed in millions of Rupiah.50 596.959.049) 486.34 45 (8.230 (3.003) (1.515) 8.891. 33.444) (523.692) 14. .72 933.330.49 2ag.73 The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.908.36b.788) (11.36c 35 2010 2009 MANAGEMENT DISCUSSION AND ANALYSIS 2e.229 14.228 (2.41. 7 242 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.204 11.717.675. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY CONSOLIDATED STATEMENTS OF INCOME (continued) Years Ended December 31.202.931) (424.402.292 CORPORATE GOVERNANCE FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 956.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.560.793) (3.308.2aa.922.58 609.NET INCOME BEFORE TAX BENEFIT (EXPENSE) TAX BENEFIT (EXPENSE) Current Deferred NET INCOME EARNINGS PER SHARE Basic (in full Rupiah amount) Diluted (in full Rupiah amount) 2ac.

697 27.694 394. 2008 Balance as of December 31.253) (148.28 Unrealized gain on available-forsale securities and Government Recapitalization Bonds net of deferred tax 6. 27b.292 17.959) - (18.024.965 Bonds .722.959) 14.694 Net income in 2009 Notes Differences Arising from Translation of Foreign Currency Financial Statements - Unrealized Gain on Available-forSale Securities and Government Recapitalization 394.965 432.361 89.699.699.356.324.257.523 Issued and Fully Paid Capital Stock Options Additional Paid-in Capital Differences Arising from Translation of Foreign Currency Financial Statements Total Equity 22.650 6.292 22.323 ) (148.212 - 536.365) - Distribution of income Cash dividends Addition to general and special reserves Partnership and Environmental Assistance Program (PKBL) 27d PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (2.977 6.365) (148.722.381 Balance as of December 31.726 17.Net of Deferred Tax Balance as of December 31.300 37. 2003.365) Years Ended December 31.212 (4.649.024.164.162.488.28 Unrealized gain on available-forsale securities and Government Recapitalization Bonds net of deferred tax 37.137 2.926 2.323 ) 2.977 2i 394.816 *) Total 7.165 Distribution of income Cash dividends Addition to general and special reserves Partnership and Environmental Assistance Program (PKBL) 27d Exercise of stock options 2ab.947 12.292 13.365) (536. 2003.959) - (148.308.324.726 Unappropriated Total *) Notes 6.488 6.292 27.947 Additional Paid-in Capital - 2i Retained Earnings Unappropriated 7.365) (148.809.349 108.27c (18.381 Net income in 2009 Balance as of December 31.649.414) (2. These consolidatedfrom translation of foreign currency financial statements 2ae.27a.878 7.308.(Expressed in millions of Rupiah.878 Appropriated Issued and Fully Paid Capital Stock Options 17.836.809.965 Total Equity 7.276 16.649.349 89. unless 536.292 6.101 13.276 16.523 432.414 ) 30. as of June (4.257.697 Unrealized Gain on Available-forSale Securities and Government Recapitalization Bonds .292 10.706.836.959) - (2.361 17.414 ) 2.27a.649. FOREWORD COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.649. unless otherwise stated) Retained Earnings Appropriated 6.387 had been eliminated against additional paid-in capital as a result of quasi-reorganization as of June 30.308.414) (2.816 7.488 7.165 Exercise of stock options 2ab.300 12. 2010 and 2009 (Expressed in millions of Rupiah.625 6.308. 2008 Differences arising financial statements are originally issued in the Indonesian language.625 7.834.959) 14.965 7.308. 2009 Differences arising from translation of foreign currency financial statements 2ae.387 had been eliminated against additional paid-in capital as a result of quasi-reorganization(18.926 2. 27b.Net of Deferred Tax - 394.253 otherwise stated) (536.164.488.308.650 2.649.162.137 108.101 10.253 - (2.959) - (18. The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements. 2009 *) Accumulated losses of Rp24.27c *) Accumulated losses of Rp24.834.365) (148. 8 243 .706.253) (2.356.

Issued and Additional Fully Paid Paid-in Notes Capital Capital These consolidated financial statements are originally issued in the Indonesian language.078) (219.385 27. Distribution of income BalanceCash dividends 31.249) 230.387 had been eliminated against additional paid-in capital as a result of quasi-reorganization as of June 30.27c (42.408 230.710) Equity (2.078) 10.385 36.673.974.789 Issued and Fully Paid Capital 2.956 11.878 10.167.897 12.408 230. 50 (Revised 2006) and SFAS No.27a.834.816 (950.834.408 6.237 Distribution of income 27d Cash dividends *) Addition tolosses of Rp24.040.164.349 Arising from 89.sale(Revised 2006)Government 50 securities and and SFAS No.024. 2010 after the implementation of SFAS No.160 129.809.195. 2003.249) 230.673. 27b.789 129. 55 (Revised 2006) 39 Balance as of January 1.977 on Available-for432.102 11.699.926 2.773.947 PT 12.858 47.078 (2.291 2.123. Accumulated general and special reserves Partnership and Environmental Assistance Program (PKBL) - 39 2ab.078) 27.224 11.040.385 (42.110 The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements. 55 (Revised 2006) 6. unless otherwise stated) 230.878 11.878 950.365 6.076 561.195.27c Notes 27d Balance as of January 1.381 Retained Earnings on Available-forSale Securities and Government Recapitalization Bonds .947 12.773.472.076 11.926 Retained Earnings Appropriated Unappropriated Total *) 7.947 Translation of Foreign Additional Currency Paid-in Financial (42.385 19.699.710) 36.024.956 950.472.123.024.472.078) (950.167.977 561.024.977 432.164.164.Net of Deferred Tax 89.204 11.472. 55 (Revised 2006) Differences arising from translation of foreign currency financial statements ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.249) 230.387 had been eliminated against additional paid-in capital as a result of quasi-reorganization as of June 30.722.078) 17.Bonds .28 Unrealized gain on available-forsale securities and Government Recapitalization Bonds net of deferred tax 2i Net income in 2010 Balance as of December 31.28 Exercise of stock options 2ab.349 Impact of transition adjustments on the implementation of SFAS No.110 (2.487.977 ) 89.Net of Options Deferred Tax Total (42.897 (12.160 (2.878 7.195.076 7.926 2.487.195. 2003. 2010 and 2009 (Expressed in millions of Rupiah.408 (2.349 51. 2010 *) Accumulated losses of Rp24.472.078) (219.408 Differences 2.164.065.102 27.858 47. 2010 6.27a.816 BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (continued) Years Ended December 31.977 432. 50 (Revised 2006) and SFAS No.291 2.249) 27.249) 18.488 2.710 ) Capital Statements Unrealized Gain 12.065.385 27.722.694 (219. Balance as of December 31.078) (219.488 Sale Securities and Government Recapitalization Stock .249) 40.974. 2010 after the implementation of SFAS Unrealized gain on available-forNo.204 (2.078) (219.076 11.509 6.385 19.809.381 (219.078 11.694 Unappropriated Total *) Total Equity 27.408 40.FINANCIAL STATEMENTS FINANCIAL REPORT CORPORATE SOCIAL RESPONSIBILITY Differences CORPORATE GOVERNANCE Unrealized Gain MANAGEMENT DISCUSSION AND ANALYSIS COMPANY PROFILE FOREWORD BRI 2011 SUBSIDIARIES 244 Arising from Translation of Foreign Currency Financial Statements Stock Options Appropriated 17.926 7.564 432. 50 (Revised 2006) and SFAS No.509 (12.195.349 89.365 51.722.977 ) 2.488 129.472. 2009 as of December as previouslygeneral and Addition to stated special reserves Impact of transition adjustments on Partnership and Environmental the implementation of SFAS Assistance Program (PKBL) No.148. 27b.564 7. 9 .947 Recapitalization Bonds net of deferred tax 2i Differences arising from translation of income currency financial foreign in 2010 Net statements 2ae.224 18.stock options 2006) Exercise of 55 (Revised 2ae.257.488 7. 2009 as previously stated 6.237 129.148.722.710 ) Balance as of December 31.257.195.

354 15.550) (212.051 (41.019.245.679.119.912) (1.374) (4.296. unless otherwise stated) COMPANY PROFILE 2010 CASH FLOWS FROM OPERATING ACTIVITIES Receipts from interest.389 (12.511) (190. fees and commissions and sharia income Payments of interest.408 (195.272 24 (441.765) 1.773.652.988) 16.711.924.865 46.537 (144.911 54.759) 1.274 26.098) (2.908) (45.441.686.476.585) 57. sharia expenses and other charges Recoveries of written off loans Other operating income Other operating expenses Non-operating income .021.517.390 (25.600.145) (637.537) 775.722.314.968) 20.713.534 313.427 23.930) 500.664 (1.594 (17.943 560.287 2.071 27. 10 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.525.298 16.781 186. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY CONSOLIDATED STATEMENTS OF CASH FLOWS Years Ended December 31.078.875 147 (511.606) CORPORATE SOCIAL RESPONSIBILITY 10.150 3.269.711) (1.138 10.715) 1.718 SUBSIDIARIES 5.448.399) BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.482 21.143 4.501) 3. 245 .083.827) 26. investment.783 424.FOREWORD These financial statements are originally issued in the Indonesian language. 2010 and 2009 (Expressed in millions of Rupiah.642.714) (6.541.483 1.275.116.413.net Cash flows before changes in operating assets and liabilities Changes in operating assets and liabilities: (Increase) decrease in operating assets: Placements with Bank Indonesia and other banks Securities and Government Recapitalization Bonds at fair value through profit or loss Export bills Derivatives receivable Loans Sharia receivables and financing Other assets Increase (decrease) in operating liabilities: Liabilities due immediately Deposits: Demand deposits Wadiah demand deposits Savings deposits Wadiah savings deposits Mudharabah savings deposits Time deposits Mudharabah time deposits Deposits from other banks and financial institutions Derivatives payable Other liabilities Net Cash Provided by Operating Activities CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from sale of premises and equipment Receipt of dividends Acquisition of premises and equipment Increase in available-for-sale and held-to-maturity securities and Government Recapitalization Bonds Net Cash Used in Investing Activities 2009*) MANAGEMENT DISCUSSION AND ANALYSIS 46.036.191.305.624 1.719.297 10.794) 547.667 635.142 35.853 (1.134 (816.800 (209.900 (11.000.901 CORPORATE GOVERNANCE 2.844) (2.282.065.102 710.

798.788 (503.989.854) (522.081.FOREWORD These financial statements are originally issued in the Indonesian language.888.663 118.254.658.304 12.893.506.156. 2010 and 2009 (Expressed in millions of Rupiah.950 9.964.376.076 12.276 441.888.975.263 52.099 118.118) 11.532 2.267.683 5.977 2.139.494.358 CORPORATE GOVERNANCE (42.414) 29.950 (18.365 (18.327) (7.905 81.099 8.116.086 40.904 1.776 997.068.674.099) (4.887) (2. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY CONSOLIDATED STATEMENTS OF CASH FLOWS (continued) Years Ended December 31.674.710) 37. unless otherwise stated) 2010 CASH FLOWS FROM FINANCING ACTIVITIES Increase in additional paid-in capital from exercise of stock options Increase in paid-in capital from exercise of stock options (Decrease) increase in securities sold with agreements to repurchase (Payment) proceeds from fund borrowings (Payment) receipts of subordinated loans Decrease (increase) in securities purchased with agreements to resell Distribution of income for dividends and PKBL Net Cash (Used in) Provided by Financing Activities EFFECT OF EXCHANGE RATE DIFFERENCES ARISING FROM TRANSLATION OF FOREIGN CURRENCY FINANCIAL STATEMENTS NET INCREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR CASH AND CASH EQUIVALENTS AT END OF YEAR Cash and cash equivalents at end of year consist of: Cash Current accounts with Bank Indonesia Current accounts with other banks Placements with other banks – maturing within three months or less since the acquisition date Certificates of Bank Indonesia – maturing within three months or less since the acquisition date Total Cash and Cash Equivalents SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION Activities not affecting cash flows: Loans written off Unrealized gain on available-for-sale securities and Government Recapitalization Bonds .099 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 4. 246 .712 10.323 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.443.965 4.851 81.104 394.967.241) 2.214.081 129.674.324) 9.712 19. 11 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.116 82.836 81.179.506 (2.414 9.net of deferred tax Reclassification of stock options to additional paid-in capital *) The consolidated statements of cash flows have been reclassified (Note 47) 2009*) MANAGEMENT DISCUSSION AND ANALYSIS 38.414.390 11.889 2.

This page is intentionally left blank ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 247 FOREWORD COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS .

On April 29. The latest amendment was conducted as a follow-up on the Management Stock Option Plan (MSOP) program based on the total number of exercised stock options and approval of stock split from Rp500 (full amount) per share to Rp250 (full amount) per share.04. 7 dated September 4.10-33481 dated December 29.98 dated November 13. S.H.I on “The Main Provisions of the Articles of Association of a Company that Conduct Public Offering of Shares and Public Company”. 1999 and notarial deed No. 1992.H.HT. 21 year 1992.HT.2003 dated October 6.AH. pertaining to Article 2 on “Term of Corporate Establishment” and Article 3 on “Purpose. 52 year 1999 regarding the Increase in Investments in Shares by the Republic of Indonesia in State-Owned Banks. 1992.TH. Objectives and Business Activities” to comply with the provisions of Law No. 1998 of Notary Imas Fatimah.02. and was approved by the Ministry of Justice of the Republic of Indonesia in its Decision Letter No. 23079 of the Republic of Indonesia State Gazette No. 3A of the Republic of Indonesia State Gazette No. S. AHU-48353. in accordance with the prevailing laws and regulations.AH.. 2010 of Notary Fathiah Helmi.. 2003 of Notary Imas Fatimah. which have been approved by the Ministry of Laws and Human Rights of the Republic of Indonesia in its Decision Letter No. 1992 of Notary Muhani Salim. 2010. Recapitalization Program As realization of the Recapitalization Program for Commercial Banks. Establishment PT Bank Rakyat Indonesia (Persero) Tbk (hereinafter referred to as “BRI”) was established on December 18. set forth in Government Regulation No.92 dated August 12. Subsequently. 7 dated October 3.04. 51 dated May 26. among others to comply with the provisions of Government Regulation No.TH. IX J. GENERAL a.01.H.TH. 86 dated October 26.. and was approved and recorded in the database administration system by the Ministry of Laws and Human Rights in its Decision Letter No. AHU.000 in the form of Government Bonds issued in 2 (two) tranches at their nominal 12 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 1 year 1995 on “Limited Liability Company” that was approved by the Ministry of Justice of the Republic of Indonesia in its Decision Letter No. 2008 and was published in Supplement No. 7216 of the Republic of Indonesia State Gazette No. 40 year 2007 on “Limited Liability Company” and Capital Market and Financial Institution Supervisory Agency’s (“Bapepam-LK”) Regulation No. C2-6584. Based on notarial deed No. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 248 . BRI has amended its Articles of Association. S. and published in Supplement No. C-23726 HT.01.01. According to Article 3 of BRI’s latest Articles of Association. b. based on the Government of the Republic of Indonesia (the “Government”) Regulation No. BRI’s Articles of Association were then amended by notarial deed No. BRI’s Articles of Association have been amended several times.149. 2010 and 2009 (Expressed in millions of Rupiah. 1998 and was published in Supplement No.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 11053 of the Republic of Indonesia State Gazette No. including the conduct of operating activities based on sharia principles.01. dated August 6. C224930. 21 year 1968.H. Tahun 2008. 2003. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.. the legal status of BRI was changed to a limited liability corporation (Persero). BRI’s scope of business is to conduct and support the Government’s policy and program in the economic sector and in the national development in general. 2008 of Notary Fathiah Helmi. The change in the status of BRI to become a limited liability corporation was documented by notarial deed No. 88 dated November 4. 133 dated July 31. 68 dated August 25. 1968 based on Law No. 38 dated November 24. BRI received all the recapitalization with a nominal amount of Rp29.. among others. regarding the Company’s status and compliance with the Capital Market Laws which were approved by the Ministry of Justice and Human Rights of the Republic of Indonesia in its Decision Letter No. 2003 and published in Supplement No. in accordance with the notarial deed No.H. S.01. 73 dated September 11. 1992. particularly in conducting business in the banking sector. S. unless otherwise stated) 1.01. 2009.

2001 between the Republic of Indonesia as represented by the Government through the Ministry of Finance. On September 30. Jl. respectively.765. 2010 and 2009.811.765. 381. c. 2000 and Rp8. Subsequently. As of December 31. acting through the Ministry of State-Owned Enterprises agreed to conduct an Initial Public Offering of 3. The Initial Public Offering consists of the International Public Offering (under Rule 144A of the Securities Act and Regulation “S”) and the Indonesian Public Offering. BRI’s initial public offering of shares consist of 3.000 shares under the over-subscription option and 571. 2003. based on the registration statement dated October 31.764. and such registration statement became effective based on the Chairman of Bapepam-LK letter No.063. 249 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS . 2003. branch offices and units: 2010 Regional Offices Inspection Offices Domestic Branch Offices Special Branch Office Overseas Branch/Representative Offices 13 18 14 409 1 3 2009 17 14 402 1 3 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 2003. the above mentioned offered shares were initially traded at the Jakarta and Surabaya Stock Exchanges (currently the Indonesia Stock Exchange) and all shares of BRI have been simultaneously listed.000 shares with a nominal value of Rp500 (full Rupiah) per share and with a selling price of Rp875 (full Rupiah) per share. Therefore. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2001 (Notes 9 and 27a). Furthermore.063. 427/KMK. the Government. 2003.000 shares under the over-allotment option at a price of Rp875 (full Rupiah) per share were exercised on November 10. unless otherwise stated) 1.531. Structure and Management BRI’s head office is located in BRI I Building.300 on July 25. as stated in the Management Contract dated February 28.176. the Ministry of Finance affirmed that the final recapitalization requirement of BRI amounted to Rp29. 2000 (Notes 9 and 27b).744.000 common shares of BRI together with oversubscription option shares and over-allotment option shares. inspection offices. Recapitalization Program (continued) amounts of Rp20. 2003 (Note 27a). BRI has the following regional offices. On November 10.469 in the form of Government Bonds to the Republic of Indonesia on November 5. Initial Public Offering of Shares In relation to BRI’s Initial Public Offering (IPO) of shares. After BRI’s IPO and the exercise of the over-subscription option and the over-allotment option by underwriters.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.811. the Ministry of Finance issued Decision Letter No.50% of shares of BRI (Note 27a). BRI submitted its registration to the Capital Market and Financial Institution Supervisory Agency (“Bapepam-LK”). Jakarta. the Republic of Indonesia owns 59.531 (Note 27a). the Government determined that the recapitalization requirement amount of BRI to achieve a minimum Capital Adequacy Ratio of 4% was Rp29.404. and BRI. 44-46. d. 2003 and December 3. 2010 and 2009 (Expressed in millions of Rupiah. Based on this Decision Letter. BRI returned the excess of recapitalization amounting to Rp85.700 on October 31. Jenderal Sudirman Kav. GENERAL (continued) b. 2003 regarding the final amount and the implementation of the Government’s rights as a result of the additional investment of the Republic of Indonesia in the capital of BRI under the recapitalization program for commercial banks.02/2003 dated September 30. S-2646/PM/2003 dated October 31.

. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.S. S.649 617 2009 434 728 4. is as follows: 2010 President/Independent Commissioner Vice President/Independent Commissioner Commissioner Commissioner Independent Commissioner Independent Commissioner Independent Commissioner : Bunasor Sanim : Soedarjono : Heru Lelono : Agus Suprijanto : Adhyaksa Dault : Baridjussalam Hadi : Aviliani 2010 President Director Director of Operations Director of Finance Director of Commercial Business Director of Compliance Director of Consumer Business Director of Credit Risk Management Director of Micro.H. respectively. as stated under the notarial deed No.. The composition of the Boards of Commissioners and Directors of BRI as of December 31. 52 of Notary Fathiah Helmi.664 and 36. 2010 and 2009 (Expressed in millions of Rupiah. Structure and Management (continued) 2010 Sub-branch Offices Cash Offices BRI Units Terraces Village Service Units 470 822 4.H. 2009. unless otherwise stated) 1. BRI has 1 (one) subsidiary PT BRISyariah and 1 (one) overseas branch located in Cayman Islands and 2 (two) agency offices located in New York and Hong Kong.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. Small and Medium Enterprises (UMKM) : Sofyan Basir : Sarwono Sudarto : Achmad Baiquni : Sulaiman Arif Arianto : Bambang Soepeno : Agus Toni Soetirto : Lenny Sugihat Bunasor Sanim Agus Pakpahan Agus Suprijanto B. as stated under the notarial deed No. Kusmuljono Baridjussalam Hadi Aviliani 2009 Sofyan Basir Sarwono Sudarto Sudaryanto Sudargo Sulaiman Arif Arianto Abdul Salam Agus Toni Soetirto Lenny Sugihat 2009 BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE : Djarot Kusumayakti Bambang Soepeno FINANCIAL STATEMENTS FINANCIAL REPORT 14 250 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 2010 and 2009 totaled 37. 35 of Notary Fathiah Helmi. 2010 and 2009 based on the minutes of BRI’s Annual Stockholders’ General Meeting held on May 20. GENERAL (continued) d. respectively. The number of BRI’s employees as of December 31..998 employees (unaudited). and BRI’s Annual Stockholders’ General Meeting held on May 19. S. 2010.538 218 68 MANAGEMENT DISCUSSION AND ANALYSIS As of December 31. 2010 and 2009.

B.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.99875% of the issued shares of BJA and 0. B. 9/1326/DPIP/Prz dated December 28. Based on the Governor of Bank Indonesia’s Decision Letter No.H. 2010 and No. During 60 (sixty) days from the decision date.63-KOM/06/2010 dated June 15. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2010 and 2009 (Expressed in millions of Rupiah. 2007 of Notary Imas Fatimah. S. has been changed into PT Bank Syariah BRI (“BSB”). whereby BRI owns 99. 3 dated September 5. 2007 and No. This acquisition was completed on December 19. Structure and Management (continued) 2010 Director of Institutional Business and BUMN Director of Network and Services 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS : Asmawi Syam : Suprajarto Asmawi Syam Suprajarto The composition of BRI’s Audit Committee as of December 31..133-KOM/10/2009 dated October 6. 2009. BSB is obliged to settle all its loan receivables and debtor or customer liabilities from the previous conventional banking activities. 45 dated April 22. 2007. : : : : : : Baridjussalam Hadi Bunasor Sanim H. unless otherwise stated) 1. Royke Singgih Dedi Budiman Hakim Syahrir Nasution - CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 15 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Subsidiary On June 29. C. S. 2007. 2007 based on Acquisition Deed No. 251 . 2008. as stated under the notarial deed No. BSB is obliged to perform its business activities based on Sharia principles.. Royke Singgih Dedi Budiman Hakim Syahrir Nasution Soedarjono 2009 Aviliani Bunasor Sanim H. GENERAL (continued) d. Based on the minutes of BRI’s Shareholders’ Extraordinary General Meeting.H. BSB obtained the approval to change its business activities from a conventional bank into a commercial bank that conduct business activities under Sharia principles. and within a maximum of 360 (three hundred sixty) days from the decision date. 9/188/GBI/DPIP/Rahasia dated December 18. 61 of Notary Imas Fatimah.. BRI entered into a Shares Sale and Purchase Agreement with the shareholders of PT Bank Jasa Arta (“BJA”) to acquire 100% of BJA’s shares at a purchase price of Rp61 billion.H. 2008 of Notary Fathiah Helmi. the shareholders have approved the above acquisition of BJA and have subsequently obtained the approval of Bank Indonesia. is as follows: 2010 Chairman Member Member Member Member Member e. 10/67/KEP. according to letters No.GBI/DpG/2008 dated October 16. 2010 and 2009 based on BRI’s Commissioners’ Decision Letter No. C. S.00125% was granted to BRI’s Employee Welfare Foundation (Yayasan Kesejahteraan Pekerja BRI). PT Bank Jasa Arta based on notarial deed No.

2009. 2.7 regarding “Financial Statements Presentation Guidelines” included in the Appendix of the Decision of the Chairman of BAPEPAM-LK No. 2009. loss and responsibility. dated December 19. respectively.06/PM/2000 dated March 13. The effects of the spin-off starting the effective date are: 1. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.44% of the consolidated interest revenue. 27.. of the consolidated assets. authorities. 2009. S.GBI/DpG/2009 dated December 15.H. 2008 regarding the “Guidelines on Financial Statements Presentations and Disclosures for issuers or Public Companies in General Mining. 2010 and 2009 amounted to Rp6. based on notarial deed No.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 252 . 15 dated July 19. obligations or expenditures from and to be operated under BSB’s responsibility as the receiving entity. All assets and liabilities of UUS BRI in possession of BRI by operation of law have been transferred and became the rights or ownerships. All of the UUS BRI’s operations. 18 dated April 14. loss and responsibility. KEP.386 respectively.178. All of the UUS BRI’s rights. SE-02/BL/2008 dated January 31. 2008. BRI has entered into a spin-off agreement to transfer the assets and liabilities of BRI Sharia Business Unit (“UUS BRI”) into BSB. performed. Basis of preparation of the consolidated financial statements The consolidated financial statements have been prepared using the prevailing banking industry practices and the Accounting Guidelines for Indonesian Banking (PAPI) published by Bank Indonesia and IAI and reporting guidelines prescribed by the Indonesian banking regulatory authority and the Indonesian Capital Market and Financial Institutions Supervisory Agency (BAPEPAM-LK) No.165 and Rp3. The last changed regarding the addition of the issued and paid up capital based on deed No. Subsidiary (continued) On December 19. MANAGEMENT DISCUSSION AND ANALYSIS 2. 2008 on “The Spin-Off Agreement of BRI Sharia Business Unit into PT Bank Syariah BRI” of Notary Fathiah Helmi. SUMMARY OF ACCOUNTING POLICIES a. Total assets of BRIS as of December 31. 2000 and Circular Letter No. Oil and Gas. and all legal relations between UUS BRI and other parties by operation of law have been transferred to and or operated under BSB’s benefit.669 or 1. the name of PT Bank Syariah BRI was changed to PT Bank BRISyariah (“BRIS”) which have been approved by the Governor of Bank Indonesia’s Decision Letter No. 3. S. unless otherwise stated) 1. Notary Fathiah Helmi.H. Total sharia revenue as of December 31. actions or existing events made.75% of the consolidated interest revenue. BRIS’ Articles of Association were changed several times. S. whereas total interest and sharia revenue as of December 31. and Banking Industry”. 11/63/KEP.G.478 or 0. business and office activities by operation of law have been transferred to and/or operated under BSB’s benefit.70% and 1%. 2010 and 2009 (Expressed in millions of Rupiah. or happened on or before the effective date of the spin-off including but not limited to the stated list of assets and liabilities of UUS BRI. 2010. CORPORATE GOVERNANCE Based on BSB’s Shareholders’ Statements of Agreement as stated in notarial deeds of Notary Fathiah Helmi. with effective date on January 1.H. GENERAL (continued) e.858. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 16 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. or 1. VIII. and obligations based on any agreements. No. 2010 amounted to Rp643. claims. 2009 amounted to Rp263.

In case where control over a Subsidiary has begun or ended within the current period. the results of operations of a Subsidiary included in the consolidated financial statements are limited on the results as of the date on which control starts to be acquired until such control has ended. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. which was applied by BRI in the 2009 consolidated financial statements.”Financial Instruments: Presentation and Disclosure“. SFAS No. SFAS No. 106 on “Accounting for Musyarakah” and SFAS 107 on “Accounting for Ijarah” which supersede SFAS No. Consolidation principles The consolidated financial statements include the financial statements of BRI and its Subsidiary whose majority shares are owned or controlled by BRI. SFAS No. 55 (Revised 2006). and PAPI 2001. 2010 (Note 2c). Unless otherwise stated. 102 on “Accounting for Murabahah”. These changes occur due to the revocation of SFAS No. 2010 and 2009 (Expressed in millions of Rupiah. 105 on “Accounting for Mudharabah” and SFAS No. and SFAS No. 59 on “Accounting for Sharia Banking” associated with recognition. The reporting currency used for the consolidated financial statements is the Indonesian Rupiah (Rp). b. 104 on “Accounting for Istishna”. The consolidated statements of cash flows are prepared using the direct method. 50 (Revised 2006). has been revoked effective January 1. 2010. For comparative purposes. effective January 1. or is able to control the majority of voting rights in the management’s meeting. cash flows are classified into operating. cash and cash equivalents consist of cash. 253 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS . 2009 has been reclassified (Note 47). 2010. or has the ability to terminate or appoint the majority of the Subsidiary’s Board of Directors. 2010. unless otherwise stated and under the accrual basis of accounting (except for the interest receivable on the non-performing earning assets before January 1. SFAS No. Basis of preparation of the consolidated financial statements (continued) BRI has implemented PAPI (2008 Version) in the preparation of consolidated financial statements for the year ended 2010 and implemented PAPI (2001 Version) in the preparation of the 2009 consolidated financial statements. 2010. investing and financing activities. presentation and disclosure for the respective topics and the Indonesia Sharia Banking Accounting Guidelines (PAPSI) issued by Bank Indonesia and IAI. current accounts with other banks which are not restricted and not used as collateral. SUMMARY OF ACCOUNTING POLICIES (continued) a. 17 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 31. Prior to January 1. or is able to govern the financial and operating policies of a Subsidiary. cash and cash equivalents consisted only of cash. 101 on “Sharia Financial Statements Presentation”. placements with other banks and Certificates of Bank Indonesia maturing within 3 (three) months from the date of acquisition. 31. “Accounting for the Banking Industry”. The consolidated financial statements have been prepared on a historical cost basis. effective also on January 1. revenue from istishna and the profit sharing from the mudharabah and musyarakah financing). Control on an entity is presumed to exist if BRI controls more than 50% of the entity’s voting rights. “Financial Instruments: Recognition and Measurement“. Since January 1. BRIS (subsidiary) engaged in banking activities under Sharia principles have been presented according to SFAS No. 2010 in connection with the adoption of SFAS No. current accounts with Bank Indonesia. "Accounting for the Banking Industry". all figures presented in the consolidated financial statements are rounded in millions of Rupiah. the consolidated statements of cash flows for the years ended December 31. unless otherwise stated) 2. measurement. provided they are not being pledged as collateral for borrowings nor restricted. current accounts with Bank Indonesia and current accounts with other banks. for purposes of the consolidated statements of cash flows.

respectively. securities purchased under agreements to resell.  Other financial liabilities. 254 . “Accounting for Derivative Instruments and Hedging Activities” and SFAS No. (i) Classification Starting January 1. i. 2010. c. BRI classifies its financial assets in the following categories at initial recognition:  Financial assets held at fair value through profit or loss. derivatives payable. securities. 55 (Revised 1999). fund borrowings. Financial liabilities are classified into the following categories at initial recognition:  Fair value through profit or loss. subordinated loans and other liabilities. 50 (Revised 2006) and SFAS No. and other assets. SUMMARY OF ACCOUNTING POLICIES (continued) b. BRI’s adopted SFAS No. deposits from other banks and financial institutions. which have 2 (two) subclassifications.e.  Held-to-maturity investments. ”Financial Instruments: Recognition and Measurement”. 50 (Revised 1999).  Loans and receivables. “Accounting for Investments in Certain Securities Investments”. which has two sub-classifications. securities sold under agreements to repurchase. derivatives receivable. Government Recapitalization Bonds. investment in shares of stocks. financial assets designated as such upon initial recognition and financial assets classified as held for trading.e. i. which replaced SFAS No. acceptances receivable. deposits from customers. export bills. current accounts with Bank Indonesia. unless otherwise stated) 2. placements with Bank Indonesia and other banks. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 18 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Consolidation principles (continued) In the consolidated financial statements. all significant inter-company balances and transactions have been eliminated. 2010 and 2009 (Expressed in millions of Rupiah. “Financial Instruments: Presentation and Disclosures” effective from January 1. 50 (Revised 2006).FOREWORD These consolidated financial statements are originally issued in the Indonesian language. acceptances payable. current accounts with other banks. 55 (Revised 2006). 2010. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.  Available-for-sale investments. The accounting policies adopted in the preparation of the consolidated financial statements have been consistently applied by the Subsidiary. BRI’s financial liabilities consist of liabilities due immediately. 55 (Revised 2006) is disclosed in Note 39. The effect of initial adoption of SFAS No. those designated as such upon initial recognition and those classified as held for trading. Financial assets and financial liabilities BRI’s financial assets consist of cash. and SFAS No. loans. unless otherwise stated.

which are classified as held for trading. For those financial assets or financial liabilities not measured at fair value through profit or loss. 2010 and 2009 (Expressed in millions of Rupiah. other than:  those that BRI intends to sell immediately or in the short term. Investments intended to be held for an undetermined period are not included in this classification. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. Held-to-maturity investments consist of quoted non-derivative financial assets with fixed or determinable payments and fixed maturity that BRI has the positive intention and ability to hold to maturity. other than because of loans and receivables deterioration. Financial assets and financial liabilities (continued) (i) Classification (continued) Held for trading are those assets and liabilities that BRI acquires or incurs principally for the purpose of selling or repurchasing in the near term. The effective yield and (where applicable) results of foreign exchange restatement for available-forsale investments are reported in the statements of income. upon initial recognition may designate certain financial assets. (ii) Initial recognition a. 255 . The available-for-sale investments consist of non-derivative financial assets that are designated as available-for-sale or are not classified in one of the other categories of financial assets.  those that BRI upon initial recognition designates as available-for-sale investments. Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. b. this designation cannot be changed. the fair value is added with directly attributable transaction costs. Financial assets and financial liabilities are initially recognized at fair value. Purchase or sale of financial assets that require delivery of assets within a time frame established by regulation or convention in the market (regular purchases) are recognized at the settlement date. or holds as part of a portfolio that is managed together for short-term profit or position taking.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. which shall be classified as available-forsale. COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 19 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BRI. After initial recognition. unless otherwise stated) 2. Other financial liabilities pertain to financial liabilities that are neither held for trading nor designated at fair value through profit or loss at the inception of the liability. SUMMARY OF ACCOUNTING POLICIES (continued) c. available-for-sale investments are measured at fair value with gains or losses being recognized as part of equity until the investment is derecognized or until the investment is determined to be impaired at which time the cumulative gain or loss previously reported in equity is included in the consolidated statements of income. at fair value through profit or loss (fair value option). Subsequently. The subsequent measurement of financial assets and financial liabilities depends on their classification. and those that BRI upon initial recognition designates at fair value through profit or loss.  those for which BRI may not recover substantially all of its initial investment.

the asset is recognized to the extent of BRI’s continuing involvement in the asset. but for which the hedge accounting conditions are not fulfilled. when the obligation under the liability is discharged. the fair value option is applied to structured investments that include embedded derivatives. Loans and receivables and held-to-maturity investments and other financial liabilities are measured at amortized cost using the effective interest method.the contractual rights to receive cash flows from the financial assets have expired. unless otherwise stated) 2. or (b) BRI has neither transferred nor retained substantially all the risks and rewards of the assets. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 256 . Financial liabilities are derecognized when they are extinguished. The fair value option is also applied to investment funds that are part of a portfolio managed on a fair value basis. Financial assets and financial liabilities (continued) (ii) Initial recognition (continued) According to SFAS No. 2010 and 2009 (Expressed in millions of Rupiah. while the derivatives are measured at fair value through profit or loss. b. cancelled. or expired. the fair value option is only applied when the following conditions are met:    the application of the fair value option reduces or eliminates an accounting mismatch that would otherwise arise. or . or the financial assets are part of a portfolio of financial instruments the risk of which are managed and reported to key management on a fair value basis. If not. When BRI has transferred its rights to receive cash flows from an asset or has entered into a pass-through arrangement and has neither transferred nor retained substantially all the risks and rewards of the asset nor transferred control of the asset. the loans would be accounted for at amortized cost. or the financial assets consist of a host contract and an embedded derivative that must be bifurcated. but has transferred control of the assets.e. MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE The fair value option is applied to certain loans and receivables that are hedged with credit derivatives or interest rate swaps. 20 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Where an existing financial liability is replaced by another from the same lender on substantially different terms. and the difference in the respective carrying amounts is recognized in the statements of income. 55 (Revised 2006). i. SUMMARY OF ACCOUNTING POLICIES (continued) c. (iii) Subsequent measurement Available-for-sale financial assets and financial assets and liabilities held at fair value through profit or loss are subsequently measured at fair value. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.BRI has transferred its rights to receive cash flows from the financial assets or has assumed an obligation to pay the cash flows in full without material delay to a third party under a “pass-through” arrangement. Furthermore. (iv) Derecognition a.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. or the terms of an existing liability are substantially modified. and either (a) BRI has substantially transferred all the risks and rewards of the assets. such an exchange or modification is treated as derecognition of the original liability and the recognition of a new liability. Financial assets are derecognized when: .

during the current financial year or during the 2 (two) preceding financial years. Reclassification of financial assets from held-to-maturity classification to available-for-sale are recorded at fair value. 2010 and 2009 (Expressed in millions of Rupiah. it is written off against the related allowance for impairment losses. Loans are written off when there is no realistic prospect of collection in the near future or the normal relationship between BRI and the borrowers has ceased to exist. the cumulative gains or losses previously recognized in equity is recognized in the statements of income. when the obligation under the liability is discharged. interest income and interest expense are recognized in the consolidated statements of income using the effective interest rate. COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 21 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. until the financial asset is derecognized or impaired. 257 . sold or reclassified a significant amount of held-to-maturity investments before maturity (more than an insignificant in relation to the total amount of held-to-maturity investments) other than sales or reclassifications that: a. or expired (continued).e. When a financial asset is derecognized or impaired. occur after BRI has collected substantially all of the original principal of the financial assets through scheduled payments or prepayments. (v) Income and expense recognition a. Gains and losses arising from changes in the fair value of available-for-sale financial assets other than foreign exchange gains or losses from monetary items are recognized directly in equity. b. or c. Gains and losses arising from changes in the fair value of the financial assets and liabilities held at fair value through profit or loss are included in the statements of income. is non-recurring and could not have been reasonably anticipated by BRI. SUMMARY OF ACCOUNTING POLICIES (continued) c. are so close to maturity or the financial asset’s repurchase date that changes in the market rate of interest would not have a significant effect on the financial asset’s fair value. unless otherwise stated) 2. i. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. b. Financial assets and financial liabilities (continued) (iv) Derecognition (continued) b. cancelled. Unrealized gains or losses are recorded in the equity section until the financial assets are derecognized. Financial liabilities are derecognized when they are extinguished. (vi) Reclassification of financial assets BRI is not allowed to reclassify any financial instrument out of or into the fair value through profit or loss category while it is held or issued. are attributable to an isolated event that is beyond BRI’s control. BRI cannot classify any financial assets as held-to-maturity if the entity has. When a loan is deemed uncollectible. Available-for-sale investments and financial assets and liabilities measured at amortized cost.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.

this include the fair value obtained from IDMA’s (Interdealer Market Association) quoted market prices or broker’s quoted price from Bloomberg and Reuters on the measurement date. industry group. or a liability settled. For these financial instruments. BRI recognises a loss on these liabilities because the value of the liabilities has increased. inputs into models are generally market-observable. dealer. SUMMARY OF ACCOUNTING POLICIES (continued) c. because the value of the liabilities has decreased. such as exchange value options and currency swaps. BRI has a legal right to set off the amounts and intends either to settle on a net basis or to realize the asset and settle the liability simultaneously. Income and expenses are presented on a net basis only when permitted by the accounting standards. If a market for a financial instrument is not active. minus principal repayments. minus any reduction for impairment. plus or minus the cumulative amortization using the effective interest method of any difference between the initial amount recognized and the maturity amount. 2010 and 2009 (Expressed in millions of Rupiah. broker. BRI uses widely recognized valuation models for determining fair values of financial instruments of lower complexity. Some of the inputs to these models may not be market observable and are therefore estimated based on assumptions. BRI recognises a gain on these liabilities. a reasonable estimate of the fair value is determined by reference to the fair value of another instrument which substantially has the same characteristics or calculated based on the expected cash flows of the underlying net asset base of the securities. When available. and only when. For more complex instruments. (viii) Amortized cost measurement The amortized cost of a financial asset or liability is the amount at which the financial asset or liability is measured at initial recognition. Valuation models are used primarily to value derivatives transacted in the over-thecounter market. BRI measures the fair value of an instrument using quoted prices in an active market for that instrument. (ix) Fair value measurement The fair value is the amount for which an asset could be exchanged. BRI uses its own credit risk spreads in determining the fair value for its derivative liabilities and all other liabilities for which it has elected the fair value option. unless otherwise stated) 2. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 22 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. For financial instruments with no quoted market price. BRI establishes fair value using a valuation technique. willing parties in an arm’s length transaction on the measurement date. Financial assets and financial liabilities (continued) (vii) Offsetting Financial assets and liabilities are set off and the net amount is presented in the consolidated balance sheet when. 258 . A market is regarded as active if quoted prices are readily and regularly available from an exchange.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. BRI uses internally developed models. When BRI’s credit spread widens. between knowledgeable. pricing service or regulatory agency and those prices represent actual and regularly occurring market transaction on an arm’s length basis. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. which are usually based on valuation methods and techniques generally recognized as standard within the industry. unlisted debt securities (including those with embedded derivatives) and other debt instruments for which markets were or have become illiquid. When BRI’s credit spread becomes narrow.

FOREWORD These consolidated financial statements are originally issued in the Indonesian language. the estimated fair value is determined based on the market values of similar types of assets. 51 on “Accounting for Quasi-reorganization”. The fair values of contingent liabilities and irrevocable loan commitments correspond to their carrying amounts. financial assets and long positions are measured at bid price. 6 dated the same date of Notary Imas Fatimah. Where BRI has consolidated assets & liabilities positions with off-setting market risk. SUMMARY OF ACCOUNTING POLICIES (continued) c. financial liabilities and short positions are measured at ask price. In cases when the fair value of unlisted equity instruments cannot be determined reliably. Based on the established fair value valuation technique policy. Prior to January 1. taking into account credit quality. unless otherwise stated) 2. 2010. 2003 (Note 3). the company will have a fresh start with a balance sheet showing current values without accumulated losses as the accumulated losses are eliminated against the additional paid-in capital account. if necessary. Valuations are therefore adjusted. COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 23 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BRI’s management believes that these valuation adjustments are necessary and considered appropriate to fairly state the values of financial instruments measured at fair value in the consolidated balance sheet. Starting January 1. Under quasi-reorganization. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.. Price data and parameters used in the measurement procedures applied are generally reviewed carefully and adjusted. The fair value for loans and receivables as well as liabilities to banks and customers are determined using a present value model on the basis of contractually agreed cash flows. with consideration on the level of risks or market values of the related assets and liabilities. 259 . the valuation is undertaken in accordance with the related SFAS. 2010. Financial assets and financial liabilities (continued) (ix) Fair value measurement (continued) The output of a valuation technique is an estimate or approximation of a value that cannot be determined with certainty. The estimated fair values of assets and liabilities of BRI under the quasi-reorganization was determined based on the best information available in accordance with the characteristics of the related assets and liabilities. estimated present value or discounted cash flows. liquidity risk and counterparty credit risk. particularly in view of the current market developments. d. Quasi-reorganization Based on SFAS No. liquidity and costs. 2003 notarized under deed No. the stockholders approved in principle the quasi-reorganization plan of BRI as of June 30. Based on BRI’s Stockholders’ Extraordinary General Meeting held on October 3. If the market value is not available. quasi-reorganization is an accounting procedure which will enable an enterprise to restructure its equity by eliminating accumulated losses and revaluing all its assets and liabilities based on fair values without a legal re-organization. 2010 and 2009 (Expressed in millions of Rupiah. financial assets and liabilities as well as long and short positions were measured at mid price.H. For certain assets and liabilities. the instruments are carried at cost less impairment value. with additional factors such as model risks. middle-market prices can be used to measure the off-setting risk positions and bid or ask price adjustment is applied to the net open positions as appropriate. related controls and procedures applied. and the valuation technique employed may not fully reflect all factors relevant to the positions that BRI holds. S.

All significant transactions with related parties. BRI should refer to SFAS No. Transactions with related parties In accordance with SFAS No. BRI did not recognize the excess of such net assets against accumulated losses and used the book values of the assets and liabilities at the implementation of quasi-reorganization. 2003. This definition includes enterprises owned by the Commissioners. Based on SFAS No. 4) key management personnel. transactions among BRI and the Government and other stateowned (BUMN) or controlled companies including the Deposit Insurance Corporation (a new institution which replaced the Government Guarantee Implementation Unit). 2003 stated that in undertaking the quasi-reorganization. 7 on “Related Party Disclosures”. e. directing and controlling the activities of the reporting enterprise. whether or not made under normal terms and conditions as those conducted with third parties. Quasi-reorganization (continued) BRI revalued its assets and liabilities in conjunction with the quasi-reorganization as of June 30. 51 (before revision in 2003) and with consideration to other related aspects in implementing the quasi-reorganization. 2) associated companies. including Commissioners. Since the fair value of net assets (total assets less total liabilities) of BRI is higher than their book value. 21 on “Accounting for Equity”. . 51 (before revision in 2003) and SFAS No. directly or indirectly. 3) individuals owning. and 5) enterprises in which a substantial interest in the voting power is owned. unless otherwise stated) 2. or are under common control with.387 as of June 30. have been disclosed in the consolidated financial statements. in the implementation of quasi-reorganization. SUMMARY OF ACCOUNTING POLICIES (continued) d. subsidiaries and fellow subsidiaries).FOREWORD These consolidated financial statements are originally issued in the Indonesian language. Directors and Managers of the enterprise and close members of the families of such individuals. As a result of the above quasi-reorganization. through one or more intermediaries. control or are controlled by. that is. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. directly or indirectly. in its letter No. BRI’s deficit was eliminated against the additional paid-in capital account which amounted to Rp24. those persons having authority and responsibility for planning. based on SFAS No. by any persons described in point 3) or 4) above. related parties are defined as follows: 1) enterprises that. or over which such a person is able to exercise significant influence on the enterprises. 7.699. Directors or major stockholders of the reporting enterprise and enterprises that have a common member of key management as in the reporting enterprise. are not considered as transactions with related parties. 5/105/DPwB2/PwB24 dated September 19. Bank Indonesia. the reporting enterprise (including holding companies. 2003. and close members of the family of any such individuals (close members of a family are defined as those members who are able to exercise influence or can be influenced by such individuals in their transactions with the reporting enterprise). an interest in the voting power of the reporting enterprise that gives them significant influence over the enterprise. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 24 260 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 2010 and 2009 (Expressed in millions of Rupiah.

Loans which individually have significant value and objective evidence of impairment. and 2) national or local conditions that correlate with defaults on the assets in the portfolio. 2010 At each balance sheet date. whether significant or not. the Bank assesses whether there is objective evidence that financial assets not carried at fair value through profit or loss are impaired. 2010 and 2009 (Expressed in millions of Rupiah. doubtful and loss. SUMMARY OF ACCOUNTING POLICIES (continued) f. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. Financial assets are impaired when objective evidence demonstrates that loss event has occurred after the initial recognition of the asset. If BRI determines that no objective evidence of impairment exists for an individually assessed financial asset. the lender. the disappearance of an active market for that financial asset because of financial difficulties. BRI determines loans to be evaluated for impairment through individual evaluation if one of the following criteria is met: 1. longer periods are warranted. Accounts that are individually assessed for impairment and for which an impairment loss is or continues to be recognized are not included in the collective assesment of impairment. a breach of contract. the periods used vary between 3 months and 12 months. unless otherwise stated) 2. Restructured loans which individually have significant value. COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY The estimated period between the occurrence of the event and identification of loss is determined by management for each identified portfolio. and individually or collectively for financial assets that are not individually significant. although the decrease cannot yet be identified with the individual financial assets in the portfolio. Allowance for impairment losses on financial assets and estimated losses on commitments and contingencies Starting January 1. 2. or (b) Restructured corporate and middle loans. BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 25 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. it becomes probable that the borrower will enter bankruptcy or other financial reorganisation. or observable data indicating that there is a measurable decrease in the estimated future cash flows from a portfolio of financial assets since the initial recognition of those assets. BRI first assesses whether objective evidence of impairment exists individually for financial assets that are individually significant. grants the borrower a concession that the lender would not otherwise consider. BRI performs individual assessment for: (a) Corporate and middle loans with collectability classification as substandard. for economic or legal reasons relating to the borrower’s financial difficulty. it includes the asset in a group of financial assets with similar credit risk characteristics and collectively assesses them for impairment. and that the loss event has an impact on the future cash flow on the asset that can be estimated reliably.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. In general. SUBSIDIARIES Based on the above criteria. including: 1) adverse changes in the payment status of borrowers in the portfolio. in exceptional cases. The criteria used by the entity to determine that there is objective evidence of an impairment loss include: a) b) c) d) e) f) significant financial difficulty of the issuer or obligor. 261 . such as a default or delinquency in interest or principal payments.

then the calculation of allowance for impairment losses is done by calculating the overall loss rate which covers the actual loss rate plus the adjustment by BRI through periodic surveys both internal and external. In assessing collective impairment. 11/33/DPNP dated December 8. 3. Restructured loans which individually have insignificant value. Foreclosure of collateral is most likely to occur and supported by legally binding collateral agreement. As for the loans having adequate historical loss data and information such as for loans located in areas that have experienced both natural and social disasters. BRI performs collective assessment for: (a) Corporate and middle loans with collectability classification as current and special mention. MANAGEMENT DISCUSSION AND ANALYSIS Based on the above criteria.e. Collective allowance for loans classified as special mention. Impairment losses on financial assets carried at amortized cost are measured as the difference between the carrying amount of the financial assets and present value of estimated future cash flows discounted at the financial assets original effective interest rate. BRI may measure impairment on the basis of an instrument’s fair value using an observable market price. 2. i. SUMMARY OF ACCOUNTING POLICIES (continued) f. The calculations of allowance for impairment losses is based on carrying amount (amortized cost). 2. Allowance for impairment losses on financial assets and estimated losses on commitments and contingencies (continued) BRI determines loans to be evaluated for impairment through collective evaluation if one of the following criteria is met: 1. doubtful and loss is calculated after deducting the value of allowable collateral in accordance with Bank Indonesia regulations. the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. if the source of loans repayment is made only from the collateral. BRI determines the allowance for collective impairment losses of loans with reference to general allowance and specific allowance in accordance with Bank Indonesia regulations regarding the assessment of commercial banks’ asset quality. . COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 11/4/DPNP dated January 27. Loans are collateral dependent. As a practical guideline. “The Amendment to Bank Indonesia Circular Letter No. If a loan or held-to-maturity securities and Government Bonds have a variable interest rate. 11/33/DPNP dated December 8. unless otherwise stated) 2. and still categorized as a disaster prone areas by the Government of the Republic of Indonesia. Loans which individually have insignificant value. BRI uses the fair value of collateral as the basis for future cash flow if one of the following conditions is met: 1. 2009. 2009 (SE-BI). In accordance with the Appendix to the Bank Indonesia Circular Letter No. the Bank applies Bank Indonesia Circular Letter No. and have never been restructured. substandard. or (b) Retail and consumer loans. the calculation of the present value of the estimated future cash FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE 26 262 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. In accordance with aforementioned SE-BI.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 2010 and 2009 (Expressed in millions of Rupiah. 2009 on the Implementation of Accounting and Reporting Guidelines for Indonesian Banking Industry” for loans which have no adequate historical loss data and information. Loans which individually have significant value and there is no objective evidence of impairment. 2011. the transition rule for collective impairment calculation on loans can be applied until December 31.

The reversal amount of financial assets is recognized in the statements of income. Recoveries of written-off loans from previous years are recorded as operational income other than interest income. impairment is measured using the original effective interest rate before the modification of terms. the impairment loss is reversed. 2010. For the financial assets of the Subsidiary that is engaged in Sharia Banking. by adjusting the allowance account. specifically for the provision of allowance for impairment losses. 55 on Financial Instruments: Recognition and Measurement. the impairment loss previously recognized is reversed through the statements of income. 11/2/PBI/2009 (Asset Quality PBI). The cumulative loss that has been removed from equity and recognized in the statements of income is the difference between the acquisition costs. 27 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 2010 and 2009 (Expressed in millions of Rupiah. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. therefore the impairment loss that was previously recognized has to be reversed. relating to the implementation of Statement of Financial Accounting Standards (SFAS) No. net of any principal repayment and amortization. 2007 for determination of impairment loss. in the next period. 2006 as amended by PBI No. 7/2/PBI/2005 dated January 20. 263 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS . Losses are recognized in the statements of income and reflected in an allowance for impairment losses account against financial assets carried at amortized cost. the amount of allowance for impairment losses is decreased and the decrease can be related objectively to an event that occurred after the recognition of the impairment losses (i. 8/21/PBI/2006 dated October 5. Impairment losses recognized in the statements of income on investments in investment in shares of stocks classified as available-for-sale should not be recovered through the statements of income.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. upgrade debtor’s or issuer’s collectability). The recoveries of written-off financial assets in the current year are credited by adjusting the allowance for impairment losses accounts. Impairment losses on available-for-sale marketable securities are recognized by transferring the cumulative loss that has been recognized directly in equity to the statements of income. If.e. Interest income on the impaired financial assets continues to be recognized using the rate of interest used to discount the future cash flows for the purpose of measuring the impairment loss. Allowance for impairment losses on financial assets and estimated losses on commitments and contingencies (continued) flows of a collateralized financial asset reflect the cash flows that may result from foreclosure less costs for obtaining and selling the collateral. and the current fair value. BRIS applies PBI No. unless otherwise stated) 2. a significant or prolonged decline in the fair value of the security below its cost is objective evidence of impairment resulting in the recognition of an impairment loss. with the amount of reversal recognized in the statements of income. the fair value of debt instrument classified as available-for-sale securities increases and the increase can be objectively related to an event occurring after the impairment loss was recognized in the statements of income. When a subsequent event causes the amount of impairment loss to decrease. If the terms of the loans. whether or not foreclosure is probable. it is reiterated that allowance for losses on off-balance sheet accounts and non-earning assets shall be established based on PBI No. For financial assets classified as available-for-sale. receivables or held-to-maturity securities are renegotiated or otherwise modified because of financial difficulties of the borrower or issuer. SUMMARY OF ACCOUNTING POLICIES (continued) f. Based on Bank Indonesia Circular letter No. less any impairment loss previously recognized in the consolidated statements of income. 9/9/2007 dated June 18. In the case of equity instruments classified as available-for-sale. 12/516/DPNP/DPnP dated September 21. BRI assesses at each balance sheet date whether there is objective evidence that a financial asset or a group of financial assets is impaired. 2005 regarding Asset Quality Rating for Commercial Banks which has been amended by Regulation No. If in a subsequent period.

In connection with this provision. security deposits. loans. The recognition of minimum allowance for impairment losses in accordance with the above PBI is as follows: 1) General reserve. standby letters of credit and unused loan facilities granted to customers. 2010 and 2009 (Expressed in millions of Rupiah. abandoned properties. acceptances receivable. and also further considering other aspects such as the classification based on Bank Indonesia audit results. whereby certain articles have been amended by PBI No. The amendment on PBI No. Commitments and contingencies on off-balance sheet accounts include.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. assets are classified into performing assets as “Current” or “Special Mention”. securities. performance and ability to repay. time deposits. and the availability of the debtor’s audited financial statements. Government Bonds. the requirement of Bank Indonesia (BI) regarding the Allowance for Losses on Assets and Estimated Losses on Commitments and Contingencies bearing credit risk is used as reference. Certificates of Bank Indonesia or Government Debentures (Government Bonds and Government Recapitalization Bonds). derivatives receivable. . Allowance for impairment losses on financial assets and estimated losses on commitments and contingencies (continued) Prior to January 1. but are not limited to issued guarantees. Based on Bank Indonesia Regulation (PBI). special mention. 2010 BRI provides allowance for impairment losses on its earning assets and estimated losses on commitments and contingencies based upon a regular review and evaluation of individual debtor’s exposures. letters of credit. 11/2/PBI/2009 among others regarding the limit of credit and other funding whose quality assessment was only measured based on the timely payment of principal and/or interest. inter-office accounts and suspense accounts. 2009 which consider management’s evaluation of each debtor’s business prospects. doubtful or loss is based on PBI No. The classification of assets as current. The minimum allowance for impairment losses on earning assets. 2006 and PBI No. and non-performing assets as “Sub-standard”. non-earning assets and estimated losses on commitments and contingencies is calculated considering the above mentioned PBI. 2005 on “Assessment of the Quality of Commercial Bank Assets”. at a minimum of 1% of earning assets classified as Current. savings deposits. Non-earning assets are bank assets which have a potential loss and include. investment in shares of stocks and commitments and contingencies on off-balance sheet accounts with credit risk. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. which has been increased from the previous amount of up to Rp500 million to become an amount of up to Rp1 billion. guarantees of Government in FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 28 264 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 11/2/PBI/2009 dated January 29. placements with other banks and Bank Indonesia. SUMMARY OF ACCOUNTING POLICIES (continued) f. among others. thereby no need to record allowance for impairment losses and also the extent of the expiry time limit of appraisal for collateral used as deduction from allowance for impairment losses. except for earning assets guaranteed with cash collaterals such as demand deposits. unless otherwise stated) 2. but are not limited to foreclosed collaterals. 9/6/PBI/2007 dated March 30. 2007 and PBI No. Earning assets consist of current accounts with other banks. sub-standard. 8/2/PBI/2006 dated January 30. bills and other receivables. gold. 7/2/PBI/2005 dated January 20. securities purchased under agreements to resell. the classification as determined by other commercial banks on earning assets drawn from more than one bank. “Doubtful” or “Loss”. Property which has been effectively used for the purpose of banking business for more than 50% is not categorized as abandoned property.

and d) 100% of earning assets classified as Loss. at a minimum of: a) 5% of earning assets classified as Special Mention. net of deductible collateral. 8/21/PBI/2006 dated October 5. SUMMARY OF ACCOUNTING POLICIES (continued) f. 2010 and 2009 (Expressed in millions of Rupiah. machinery that are installed on land. net of deductible collateral. The allowance for possible losses on commitments and contingencies is presented as a liability in the consolidated balance sheets under “Estimated Losses on Commitments and Contingencies”. COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 29 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. on the other hand for land and buildings used as residence which do not exceed a period of 30 (thirty) months if appraised by an independent appraiser and not more than 24 (twenty-four) months if appraised by an internal appraiser. standby letters of credit from a prime bank which is issued in accordance with the prevailing Uniform Customs and Practice for Documentary Credit (UCP) or International Standard Practices (ISP). PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. Current accounts with Bank Indonesia and other banks Starting January 1. residential houses. net of deductible collateral. 2006 wherein certain of the articles have been amended by Regulation No. Prior to January 1. net of deductible collateral. c) 50% of earning assets classified as Doubtful. The outstanding balance of earning assets is written off against the respective allowance for possible losses when management believes that such earning assets are no longer collectible. net of allowance for impairment losses. current accounts with Bank Indonesia are stated at the outstanding balance. If there is excess from the recovery of the loan principal. Deductible collateral from the calculation of provision for possible losses on earning assets and estimated losses on commitments and contingencies include securities and shares which are traded actively in the Indonesia Stock Exchange or have the highest investment rating. motorcycles. inventories and warehouse receipts which are not more than 24 (twenty-four) months. Current accounts with other banks are stated at their outstanding balances less allowance for impairment losses. aircrafts. unless otherwise stated) 2. 265 . 10/24/PBI/2008 dated October 16. The recovery of earning assets previously written off is recorded as addition to the allowance/estimate for impairment losses during the current year. 2008 regarding Asset Quality Rating for Commercial Banks Conducting Business Based on Sharia Principles. ships. 2010.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. buildings. 2) Special reserve. The guidelines for the provisioning of earning assets and the determination of the quality of earning assets of BRIS are based on PBI No. The use of collateral value as deduction is made in the calculation of allowance for impairment losses only for earning assets. certain percentage of land. Appraisal for the loan principal above Rp5 billion should be conducted by an independent appraiser. current accounts with Bank Indonesia and other banks are stated at amortized cost using the effective interest rate method less allowance for impairment losses. The current accounts with Bank Indonesia and other banks are classified as loans and receivables. up to 50% of the value of securities listed in the stock exchange at month-end. 2010. 2007 and PBI No. Allowance for impairment losses on financial assets and estimated losses on commitments and contingencies (continued) accordance with the prevailing laws and regulations. dated June 18. such excess will be recognized as interest income. g. 9/9/PBI/2007. b) 15% of earning assets classified as Sub-standard.

Starting January 1. Interest income is recognized in the consolidated statements of income using the effective interest rate method. placements with Bank Indonesia and other banks are stated at amortized cost using the effective interest rate method less allowance for impairment losses. The value of securities and Government Recapitalization Bonds is stated based on the classification as follows: CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 1) Held-to-maturity securities and Government Recapitalization Bonds are carried at amortized SUBSIDIARIES cost using the effective interest method. Government Treasury Bills (Surat Perbendaharaan Negara or SPN) and Government Bonds in foreign currency purchased from primary and secondary markets. mutual fund units. Placements with Bank Indonesia and other banks are classified as loans and receivables. Securities and Government Recapitalization Bonds Securities consist of securities traded in the money market such as Certificates of Bank Indonesia. placements with Bank Indonesia are stated at their outstanding balances. the securities and Government Recapitalization Bonds are recorded according to their category. Sharia Certificates of Bank Indonesia. during the current financial year or during the two preceding financial years. medium term notes. 2) Securities and Government Recapitalization Bonds classified as held for trading are stated at BRI 2011 3) Securities and Government Recapitalization Bonds classified as available-for-sale FINANCIAL STATEMENTS FINANCIAL REPORT investments are stated at fair value. . BRI does not classify securities or Government Recapitalization Bonds as held-to-maturity financial assets if BRI has. Placements with other banks are stated at their outstanding balances. Securities include bonds issued by the Government that are not related with the recapitalization program such as Government Debentures (Surat Utang Negara or SUN). notes receivable. SUMMARY OF ACCOUNTING POLICIES (continued) h. Prior to January 1. Gains and losses from changes in fair value of securities and Government Recapitalization Bonds are recognized in the consolidated statements of income. subordinated notes. sold or reclassified more than an insignificant amount of held-to-maturity securities or Government Recapitalization Bonds before maturity other than sales or reclassifications that are defined in SFAS No. 2010 Securities and Government Recapitalization Bonds are initially measured at fair value.e. as held-to-maturity. i. net of unamortized interest. net of allowance for impairment losses. 2010. while placements of funds with other banks represent placements of funds in the form of inter-bank call money and time deposits. 2010. Placements with Bank Indonesia and other banks Placements with Bank Indonesia and other banks are placements of funds with Bank Indonesia in the form of Bank Indonesia Deposit Facilities (Fasilitas Simpanan Bank Indonesia/FASBI) and Fine Tune Kontraksi (FTK). credit-linked notes and bonds traded in the stock exchange. guaranteed notes US Treasury Bonds. After the initial recognition. fair value. i. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 30 266 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 2010 and 2009 (Expressed in millions of Rupiah. Starting January 1. fair value through profit or loss or available-for-sale.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. Government Bonds. 55 (Revised 2006). Government Recapitalization Bonds are bonds issued by the Government in connection with the recapitalization program for commercial banks which consist of bonds under BRI’s recapitalization and Government Recapitalization Bonds purchased from the secondary market. Foreign exchange gains or losses on available-for-sale securities and Government Recapitalization Bonds are recognized in the consolidated statements of income. unless otherwise stated) 2.

The permanent decline in fair value of the held-to-maturity and available-for-sale securities is charged to the current year’s consolidated statements of income. Export bills Export bills represent negotiated export bills that have been discounted and guaranteed by other banks. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2010 Securities and Government Recapitalization Bonds are classified based on management’s intention at acquisition date and based on the following classifications under SFAS No. 3) Available-for-sale securities and Government Recapitalization Bonds are Unrealized gains (losses) resulting from the increase (decrease) in recognized in the current year’s consolidated statement of income separately as a component of equity. 2010 and 2009 (Expressed in millions of Rupiah. Unrealized gains (losses) resulting from the increase (decrease) in fair value is reported in the current year’s consolidated statement of income. unless otherwise stated) 2. stated at fair value. SUMMARY OF ACCOUNTING POLICIES (continued) i.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 267 SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS . such fair value is generally determined by reference to quoted market bid prices by the stock exchange at the date that is close to the balance sheet date. Securities and Government Recapitalization Bonds (continued) Starting January 1. Upon sale of the securities and Government Recapitalization Bonds held for trading. Securities are presented at their net values after deducting the allowance for possible losses and unamortized premium or discount. Those unrealized gains (losses) consolidated statements of income upon realization. 2) Securities and Government Recapitalization Bonds designated as held-to-maturity are carried at cost. For securities which have no quoted market price. fair value are not but are presented are reported in the COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY For securities which are traded in organized financial markets. 2010 (continued) Other fair value changes are recognized directly in equity until the securities and Government Bonds are sold or impaired. if any. Securities are derecognized in the consolidated balance sheets when BRI has transferred all significant risks and benefits of these securities. adjusted for accretion (subtraction) of amortized premium (discount). an estimate of the fair value of the securities is determined by reference to the fair value of other instruments which are substantially the same or are calculated based on the expected cash flows of the underlying net asset base of such securities or using the expected market yield approach. Buy and sell transactions of securities for customers and for BRI itself are recognized in the consolidated financial statements when the agreements of the securities transactions arise. Prior to January 1. 31 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 50 on “Accounting for Certain Investments in Securities” as follows: 1) Securities and Government Recapitalization Bonds for trading purposes are stated at fair value. whereby the cumulative gains and losses previously recognized in equity are recognized in the consolidated statements of income. j. The premium and discount is amortized using the straight-line method. and then adjusted for transaction costs necessary to acquire such assets. the difference between the selling price and their carrying fair value is recorded as realized gain or loss on sale.

BRI should record the effects of the restructuring prospectively and not change the carrying value of the loan receivable at the time of restructuring. istishna and ijarah contracts. Export bills are clasified as loans and receivables. 2010. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 32 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Loans are classified as loans and receivables. 2010 Loans are initially measured at fair value plus transaction costs that are directly attributable and additional costs to obtain financial assets. Loans extended under syndication agreements are recognized at the nominal amount to the extent of the risks borne by BRI. k. and not involving the receipt of assets (including receipt of shares) from the debtor. Murabahah receivables are stated at net realizable value. The deduction amount is recorded as loss in the current year’s consolidated statements of income. Export bills (continued) Starting January 1. 2010 and 2009 (Expressed in millions of Rupiah. modification of interest rate and extension of payment maturity date). The discount arising from export bills has been directly recorded in full in the current year’s consolidated statements of income as the amount is immaterial. Sharia receivables and financing Sharia receivables are receivables resulting from sale purchase transactions based on murabahah. Sharia financing consist of mudharabah and musyarakah financing. Prior to January 1. and after initial recognition are measured at amortized cost based on the effective interest rate method less allowance for impairment losses. For the restructuring of non-performing loans involving the modification of terms (e. Loans Loans represent the lending of money or equivalent receivables under contracts or borrowing and lending commitments with borrowers. which is. 268 . unless otherwise stated) 2. Prior to January 1. whereby the borrowers are required to repay their debts with interest after a specified time. 2010 Loans are stated at their outstanding balance less allowance for impairment losses. Starting January 1. export bills are stated at amortized cost less allowance for impairment losses. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. l.g. the balance of the receivables less allowance for impairment losses. 2010. SUMMARY OF ACCOUNTING POLICIES (continued) j. export bills are stated at acquisition cost after deducting the discount and allowance for impairment losses.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. except if the recorded amount exceeds the total future cash receipts specified by the new terms. Deferred Murabahah margin is presented as a contra account of Murabahah receivables. Murabahah is a sale purchase contract between the customer and BRIS. Repayment on this financing is conducted by installments within a specified period. whereby BRIS finances the investment and working capital needs of the customer sold with a principal price increased by the margin that is mutually informed and agreed.

Istishna receivables are presented based on the outstanding billings less allowance for impairment losses. the investments are stated at acquisition cost increased or decreased by the share in the net earnings or losses of the associate companies based on the percentage of ownership and reduced by dividends received since the acquisition date. Musyarakah financing is an agreement between the investors (mitra musyarakah) to combine their capital and conduct a joint business in a partnership with the profit or loss sharing based on an agreement or proportionate with the capital contribution. 2010 and 2009 (Expressed in millions of Rupiah. Acceptances receivable are classified as loans and receivables. acceptances receivable are stated at nominal amount or realized value of the L/C net of allowance for impairment losses. SUMMARY OF ACCOUNTING POLICIES (continued) l. Allowance for impairment losses is provided based on the quality of the financing as determined by a review of each individual account. Starting January 1. The profit sharing from such project or business is distributed according to a predetermined ratio (nisbah). Acceptances receivable and payable Acceptances receivable and payable represent letters of credit (L/C) transactions that have been accepted by the accepting bank. Mudharabah financing is stated at the outstanding balance of the financing less allowance for impairment losses. acceptances receivable and payable are stated at amortized cost. unless otherwise stated) 2. Investment in shares of stocks with an ownership interest of less than 20% are carried at cost reduced by allowance for impairment losses. Acceptances receivable are stated net of allowance for impairment losses.mustashni (buyer) and al . 33 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Acceptances payable are classified as financial liabilities at amortized cost. while acceptances payable are stated at nominal amount or realized value of the L/C.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 2010. m. Under this method.mashnu (order goods) in accordance with the required specifications by the buyer and sells them at the agreed price. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. Musyarakah financing is stated at the outstanding balance of the financing less allowance for impairment losses. Prior to January 1. Based on such contract. The bank provides allowance for impairment losses based on the quality of the financing as determined by a review of each individual account. Ijarah is a leasing agreement between the muajjir (lessor) with the musta’jir (lessee) on ma’jur (lease items) to obtain the benefits on the items that are being leased. 2010. Investment in shares of stocks Investment in shares of stocks represent investment of funds in the form of shares in non-publiclylisted companies engaged in financing activities for long-term investment purposes. Mudharabah financing is a joint financing made between BRIS which provides the capital (shahibul maal) and the customer who manages the business (mudharib) during a certain period. Sharia receivables and financing (continued) Istishna is a sale contract between al . 269 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS . the buyer assigns the producer to create or conduct al . Investment in shares of stocks with an ownership interest of 20% up to 50% and more than 50% are recorded based on the equity method. n.shani (producer who also acts as seller).

The premises and equipment’s residual value. notarial fee and taxes. the determination of whether an arrangement is or contains a lease is based on the substance of the arrangement at inception date and whether the fulfillment of the arrangement is dependent on the use of an asset and the arrangement conveys a right to use such asset. leases that transfer substantially all the risks and rewards incidental to ownership of the leased item are classified as finance leases. 30 (Revised 2007). if the recognition criteria are satisfied.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. if the recognition criteria are met. such as license fee. SFAS No. SUMMARY OF ACCOUNTING POLICIES (continued) o. leases which do not transfer substantially all the risks and rewards incidental to ownership of the asset are classified as operating leases. “Accounting for Land”. All other repairs and maintenance costs that do not meet the recognition criteria are recognized in the consolidated statements of income as incurred. In accordance with SFAS No. useful lives and methods of depreciation are reviewed and adjusted prospectively if appropriate. when a major inspection is performed. Any gain or loss arising on derecognition of the premises and equipment (calculated as the difference between the net disposal proceeds and the carrying amount of the premises and equipment) is included in the consolidated statements of income in the year the premises and equipment is derecognized. The deferred cost related to the acquisition of the landright was presented as part of “Other Assets” in the consolidated balance sheet. 2010 and 2009 (Expressed in millions of Rupiah. its cost is recognized in the carrying amount of the premises and equipment as a replacement. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 34 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. SFAS No. Moreover.”Lease”. Leases Based on SFAS No. and amortized over the period of the related landright using the straight-line method. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 47. 270 . are deferred and presented separately from the cost of the landright. all costs and expenses incurred in relation with the acquisition of the landright. Premises and equipment Premises and equipment is stated at cost less accumulated depreciation and impairment losses. 48 on “Impairment in Asset Value” requires the review of the premises and equipment values for each impairment or write-down to fair value whenever events indicate that the carrying value may not be recoverable. unless otherwise stated) 2. p. Likewise. survey and measurement cost. Depreciation is calculated on the straight-line method over the estimated useful lives of the premises and equipment as follows: Years Buildings Motor vehicles Computers and machineries Furniture and fixtures 15 5 3-5 5 CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS The carrying amount of premises and equipment is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. In addition. at each financial year end. Such Cost includes the cost of replacing part of the premises and equipment when that cost is incurred. Under this revised SFAS. 47 also states that landright is not amortized unless it meets certain required conditions.

accrued interest receivables. or through transfer with a bank draft or other forms of payment order. abandoned property. SUMMARY OF ACCOUNTING POLICIES (continued) q. Mudharabah savings deposits represent funds from third parties which receive predetermined and pre-agreed profit-sharing return ratio (nisbah) from income derived by BRIS from the use of such funds. s. This account is classified as other financial liabilities. Repossessed assets Repossessed assets acquired in settlement of loans (included as part of “Other Assets”) are recognized at their net realizable values. 271 . which have a deposit quality and can be withdrawn at any time and the bank is not required to give interest unless in the form of bonus in a voluntary way. Savings deposits represent customers' funds which the depositors are entitled to withdraw under certain agreed conditions. Deposits are stated at the amount due to the account holders. inter-office account and others. Mudharabah savings is stated based on the customer’s savings balance. liabilities due immediately are stated at the amounts payable by the Bank. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. Time deposits represent funds deposited by customers that can be withdrawn only at a certain point in time as stated in the contract between the depositor and BRI. Wadiah savings deposits are stated at the Bank’s liabilities. unless otherwise stated) 2. The excess in loan balances which has not been paid by debtors over the value of repossessed assets is charged to allowance for possible losses on loans in the current year. deferred expense. liabilities due immediately are recorded at amortized cost. prepaid tax. accrued provision and commissions. t. Prior to January 1. consist of interest revenue. Time deposits are stated at the nominal amount provided in the deposit certificate or at the amount stated in the agreement. Net realizable value is the fair value of the collateral after deducting the estimated costs of disposal. 2010 and 2009 (Expressed in millions of Rupiah. among others. Deposits from customers and other banks and financial institutions Demand deposits represent funds deposited by customers in which the withdrawal can be done at any time by use of a check. The difference between the value of the collateral and the proceeds from sale thereof is recognized as a gain or loss at the time of sale of the collateral. Liabilities due immediately Liabilities due immediately represent the obligations of the Bank to external parties that based on their nature should be paid immediately in accordance with the instructions of the agreement which have been previously determined. Wadiah demand deposits are stated at the amount due to the account holder of the deposit in the bank. 2010. r. These deposits are stated at the amount due to the account holder. 2010. Wadiah savings deposits represent funds deposited by customers in the bank. Other assets Other assets.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. Starting January 1. Wadiah demand deposits represent third party funds which can be returned at anytime and customers receive bonus based on BRIS policy. COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 35 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

at the repurchase price. SUMMARY OF ACCOUNTING POLICIES (continued) t. Securities purchased with agreements to resell are recognized as receivables and recorded at their resale values reduced by unearned interest and allowance for impairment losses. through the issuance of promissory notes which have a term up to 90 (ninety) days and stated at the amount due to banks and other financial institutions. savings deposits. Securities sold under agreements to repurchase are classified as financial liabilities measured at amortized cost. Mudharabah time deposits are stated at the nominal amount as agreed by the deposit holder and BRIS. either domestic or overseas. u. in the form of demand deposits. . 2010. 2010. The difference between the purchase price and the resale price is treated as unearned interest income (unamortized). reduced by the balance of prepaid interest. securities purchased under agreements to resell are presented as assets in the consolidated balance sheets. unless otherwise stated) 2. Securities purchased with agreements to resell and securities sold with agreements to repurchase Securities purchased with agreements to resell Starting January 1. Securities purchased under agreements to resell are classified as loans and receivables. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 36 272 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. time deposits and interbank call money. Prior to January 1. deposits from customers and other banks are stated at the payable amount to customers. Incremental costs directly attributable to acquisition of deposits from customers are deducted from the amount of deposits. 2010. Starting January 1. securities sold with agreements to repurchase are recognized as liability at their agreed repurchase price. net of unamortized prepaid interest. 2010. deposits from customers and other banks are classified as other financial liabilities at amortized cost using effective interest method except deposits and temporary syirkah funds which are stated at the payable amount to customers. at the resale price net of unamortized interest and net of allowance for impairment losses. The difference between the securities purchase and resale price is treated as unearned interest income and will be recognized over the period from the time of purchase until the time of resale using straight-line amortization method. 2010.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. Deposits from customers and other banks and financial institutions (continued) Mudharabah time deposits represent third party funds that can be withdrawn only at a certain point in time based on the agreement between the customer and BRIS. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. Deposits from other banks and other financial institutions consist of liabilities to other banks. 2010. securities sold under agreements to repurchase are presented as liabilities in the consolidated balance sheets. 2010 and 2009 (Expressed in millions of Rupiah. Prior to January 1. and recognized as income over the period starting from when those securities are purchased until they are resold using effective interest rate. The difference between the selling price and repurchase price is treated as prepaid interest which is recognized as interest expense over the period from the sale of the securities until the time of repurchase using straight-line amortization method. Prior to January 1. The difference between the selling price and the repurchase price is treated as prepaid expenses and recognized as expense over the period starting from when those securities are sold until they are repurchased using effective interest rate. Securities sold with agreements to repurchase Starting January 1.

where appropriate. If a financial asset or group of similar financial assets has diminished its value as a result of impairment losses. interest income and expense for all interest bearing financial instruments are recognized in the consolidated statements of income using the effective interest rate method. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 2010. are generally classified as impaired loans (2009 as non-performing loans). 273 . Interest income and interest expense Starting January 1. doubtful and loss) which is recognized at the time cash collections are received (cash basis). Interest accrued but not yet collected is reversed when a loan is classified as impaired loans (2009 as non-performing loans). which are given to borrowers of Kupedes who settle their liabilities on time. fees. The amount of PBTW is 25% of interest received from either Kupedes working capital loans or Kupedes investment loans. interest income subsequently obtained is recognized based on the interest rate used to discount future cash flows in calculating impairment losses. Loans which the principal or interest has been past due for 90 (ninety) days or more. w. Costs incurred related to the bond issuance are presented as deduction from the proceeds of bonds issued and starting January 1. Non-performing loans for the year period ended December 31. 2010 and 2009 (Expressed in millions of Rupiah. doubtful and loss. The amount of CPBTW is 25% of interest on Kupedes working capital loans and Kupedes investment loans received monthly. CPBTW is included as part of “Other Liabilities”. The effective interest rate is the rate that exactly discounts the estimated future cash payments or receipts through the expected life of the financial instrument (or. it is amortized using the effective interest method and prior to January 1. 2009 include loans classified as substandard. Allowance for Timely Payment of Interest [Cadangan Pembayaran Bunga Tepat Waktu (CPBTW)] represents allowance provided for timely payment of incentives. 2010. Subordinated loans Securities issued are classified as financial liabilities at amortized cost. and all other premiums or discounts. SUMMARY OF ACCOUNTING POLICIES (continued) v. Incremental costs directly attributable to issuance of securities are deducted from the amount of securities issued. it is amortized using straight-line method over the term of the bonds. 2010. Differences between the carrying amount of securities issued and repurchased value are not recognized as gain or loss in the consolidated statements of income. Interest receivable COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 37 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. This calculation includes all commissions. transaction costs. x. 2010. interest income and interest expense are recognized on accrual basis. or where reasonable doubt exists as to the timely collection. Allowance and timely payment of interest on BRI unit Timely Payment of Interest [Pembayaran Bunga Tepat Waktu (PBTW)] represents incentives given to Village General Loans (Kupedes) borrowers who pay their liabilities in accordance with the mutually agreed installment schedules. unless otherwise stated) 2. except for interest income on non-performing earning assets (sub-standard. Prior to January 1. and other forms received by the parties in the contract that are an integral part of the effective interest rate. the Bank estimates future cash flows considering all contractual terms of the financial instrument but not future credit losses. When calculating the effective interest rate. a shorter period) to the carrying amount of the financial asset or financial liability. PBTW is reported as deduction from interest income on loans. Subordinated loans are stated at the nominal value net of unamortized discount.

aa. 2010. 13/2003. Interest income and interest expense (continued) which has been accrued is reversed when the earning asset has been classified as non-performing and charged to expense in the current period. unless otherwise stated) 2. Cash collections from loans which have been classified as doubtful or loss with possible few collections. Unrecognized past service cost and actuarial adjustment are amortized over the expected future remaining years of service of existing employees as determined by the actuary. 2010. BRI has accounted for the liabilities arising from the implementation of Labor Law No. Expenses based on sharia principles consist of mudharabah profit sharing expense and wadiah bonus expense. and participate in defined contribution pension plan benefits and other long-term benefits (gratuity for services. Fees and commissions Starting January 1. Actuarial gains and losses are recognized as income or expense when the cumulative unrecognized actuarial gains and losses for each individual plan at the end of the previous reporting year exceeded the greater of 10% of the present value of the defined benefit 38 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Income from murabahah and ijarah transactions are recognized using accrual method. for those fees and commissions income which are not significant. significant fees and commissions directly related to lending activities. 2003 (Labor Law No. is amortized using the straight line method over the term of the underlying contract and is classified as fees and commission income in the consolidated statement of income. is amortized over the term of the underlying contract using the effective interest method and classified as part of interest income in the consolidated statements of income. 13 year 2003 dated March 25. In addition. The excess collections from loan principal are recognized as interest income in the consolidated statements of income. Income from istishna transaction and profit sharing from mudharabah and musyarakah financing are recognized when the cash installments are received. or fees and commissions income which relates to a specific period. y. z. Unamortized fees and commissions relating to loans settled prior to maturity are recognized at the settlement date. Prior to January 1. Interest income from non-performing assets that has not been received (interest receivables on non-performing loans) is disclosed in the information on commitments and contingencies. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2010 and 2009 (Expressed in millions of Rupiah. Pension plan and employee benefits BRI provides defined benefit pension plans covering substantially all its employees that fulfill the criteria. current service cost is charged to current operations. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 274 . Based on SFAS No. Furthermore. istishna. ijarah transactions and profit sharing from mudharabah and musyarakah financing. BRI employees are also given Old-Age Benefits. fees and commissions directly related to lending activities. 13/2003). 24 (Revised 2004) on “Employee Benefits”. will be directly recognized in current consolidated statement of income as fees and commissions income. the cost of providing employee benefits under the prevailing Law is determined using the actuarial valuation based on the projected unit credit method. or fees and commissions income which relates to a specific period. Under the defined benefit pension plans.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. BRI’s work separation scheme is calculated following the provisions of Labor Law No. will be used initially to reduce the loan principal. Sharia income and charges Sharia income consists of income from murabahah. grand leaves and pension preparation period). SUMMARY OF ACCOUNTING POLICIES (continued) x.

As of December 31. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.395. unless otherwise stated) 2. The post-employment benefits expense recognized during the year consists of current service cost.m. The fair values of the stock options granted are calculated using the Black-Scholes option pricing model. Stock options BRI has granted stock options to the Directors and employees at certain positions and levels based on established criteria. ab.18 11.99 1.00 p.00 12.00 13.43 1.211. SUMMARY OF ACCOUNTING POLICIES (continued) aa. Pension plan and employee benefits (continued) obligation and 10% of the fair value of plan assets at that date.017.00 15. WIB (Western Indonesian Time) as of December 31. respectively. 2010 and 2009 (Expressed in millions of Rupiah. actuarial gains or losses and past service costs. Further.94 10. These gains or losses are recognized on a straight-line method over the expected average remaining working lives of the employees. Diluted earnings per share is computed after making the necessary adjustments to the weighted average number of common shares outstanding assuming the full exercise of employee stock options at the time of issuance.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.48 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 39 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. The accumulation of stock compensation cost is recognized as “Stock Options” in the equity.164.075. 2010 and 2009. Compensation cost at the grant date is calculated using the fair value of such stock options and is recognized as part of “Salaries and Employee Benefits Expense” based on cliff-vesting scheme using the straight-line method over the vesting period. Foreign currency transactions and balances BRI maintain its accounting records in Indonesian Rupiah. ad. Transactions in foreign currencies are recorded at the prevailing exchange rates in effect on the date of the transactions. Earnings per share Basic earnings per share is calculated by dividing the net income by the weighted average number of issued and fully paid shares during the related year. interest on obligation.00 13.010. ac. past service costs arising from the introduction of a defined benefit plan or changes in the benefit payable of an existing plan are required to be amortized over the remaining period until the benefits concerned become vested.941.542.219. The exchange rates used in the translation of foreign currency amounts into Rupiah are the following (full Rupiah): 2010 United States Dollar 1 Great Britain Pound Sterling 1 Japanese Yen 100 European Euro 1 Hong Kong Dollar 1 9.159.08 2009 9. 2010 and 2009. and reduced by employees’ contributions and expected return on plan assets. The resulting gains or losses are credited or charged to the current consolidated statements of income. all foreign currency monetary assets and liabilities are translated into Rupiah using the Reuters spot rates at 4. 275 .

00 p. based on tax rates (and tax laws) that have been enacted or substantively enacted at the balance sheet date.  Statements of cash flows . af. 46 also requires the recognition of deferred tax assets which arise from future tax benefits. derivative transactions are recognized in accordance with SFAS No. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.  Equity . ag. except transaction which have been previously charged or credited to equity. WIB at balance sheet date. commitments and contingencies . 55 (Revised 2006). Deferred tax assets and liabilities are measured at the tax rates that are expected to be applied in the year when the asset is realized or the liability is settled. “Accounting for Derivative Instruments and Hedging Activities”. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 276 . The fair value of derivative instruments is determined based on discounted cash flows and pricing models or quoted prices from brokers of other instruments with similar characteristics. Prior to January 1. including accumulated tax loss which can be compensated against the following years. Gains or losses resulting from fair value changes are recognized in the consolidated statements of income. except for the profit and loss accounts which are translated at the average middle rates and equity accounts which are translated at the historical rates. Income tax SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS BRI and its Subsidiary applied SFAS No. 2010 and 2009 (Expressed in millions of Rupiah. expenses. SUMMARY OF ACCOUNTING POLICIES (continued) ae. The resulting difference arising from the translation process on the above financial statements is included in the equity as “Differences Arising from Translation of Foreign Currency Financial Statements”. 2010.00 p.Capital Stock and Additional Paid-in Capital using historical rates. unless otherwise stated) 2. expenses and profit and losses during the year. 40 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Derivative transactions Derivative financial instruments are valued and recognized in the balance sheets at fair value less allowances for impairment losses.m. The ending year balances consist of the sum of the translated monthly balances of revenues. Starting January 1. Derivatives receivable and payable are classified as financial assets and liabilities that designated at fair value through profit or loss. “Financial Instruments: Recognition and Measurement”. 46 on “Accounting for Income Taxes” which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between financial reporting and tax reporting.  Revenues. if it is highly probable that the future income subject to tax is adequate to be compensated. 55 (Revised 1999). gains and losses . 2010. Each derivative contract is carried as asset when the fair value is positive and as liability when the fair value is negative.using Reuters spot rates at 4. The changes in the carrying value of deferred tax assets and liabilities due to the changes in tax rate is charged to current year operations. WIB on balance sheet date. all accounts of the overseas branch and representative offices are translated into Rupiah with the following exchange rates:  Assets and liabilities.m. Translation of the financial statements of overseas branch and representative offices BRI has 1 (one) branch office in Cayman Islands and 2 (two) representative offices each in New York and Hong Kong that are separate foreign entities.using the average middle rate during the month.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. SFAS No. For consolidation purposes in the consolidated financial statements. derivative transactions are recognized in accordance with SFAS No.using the spot rate published by Reuters at 4.

The tax effect on temporary differences and accumulated tax losses on the consolidated companies. the allowance for COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 41 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. which consist of assets or liabilities. therefore the information for segment reporting is disclosed based on operating geographical regions. Impairment of loans and receivables BRI reviews loans and receivables at each balance sheet date to assess whether impairment should be recognized in the statements of income. When observable market data are not available.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. justification by management is required to estimate the amount and timing of future cash flows when determining impairment. 2010 and 2009 (Expressed in millions of Rupiah. After BRI’s recapitalization in July 2000 and October 2000. These estimates are based on assumptions about a number of factors and actual results may differ. In particular. unless otherwise stated) 2. if there is objection or appeal. BRI only operates in the banking industry. as reflected in changes in the provision for impairment in the future. IMPLEMENTATION OF QUASI-REORGANIZATION As a result of the effects of the economic conditions. ai. Professional considerations and significant estimates are as follows: Fair value of financial instruments If the fair value of financial assets and financial liabilities recorded in the balance sheet is not available in an active market.364. rate of early payment and defaults rate assumptions. BRI incurred significant losses in 1998 and 1999 totaling Rp28. the management used estimations and assumptions that affect the reported amounts in the consolidated financial statements. ah. In the estimation of cash flows. Input for this model comes from market data that can be observed as long as the data is available. when the decision on the objection and or the result of the appeal is received. There is inherent risk in making estimates such that actual amounts reported in future periods may differ from the estimated amounts. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 5 (Revised 2000) on “Segment Reporting” requires the identification and disclosure of financial information based on the business type (products or services) and operating geographical region segment of a company’s operations. 277 . such fair value is determined using various valuation techniques including the use of mathematical models. Income tax (continued) Amendments to tax obligations are recorded when an assessment is received or. it is deemed necessary for management to determine the fair value. Management considerations include liquidity and volatility feedback model for long-term derivative transactions and discount rate. Use of estimates In the preparation of the consolidated financial statements in accordance with generally accepted accounting principles. SUMMARY OF ACCOUNTING POLICIES (continued) ag. Segment reporting SFAS No. BRI makes the justification of debtor's financial situation and net realizable value of collateral. 3. are presented in net amount for BRI and its Subsidiary.221.

foreign currency 8. 10/25/PBI/2008 dated October 23. small and middle businesses (UKM) and agribusiness sectors.741 12.699. BRI had accumulated losses of Rp24. BRI has complied with Bank Indonesia’s regulation regarding the minimum legal reserve requirement as of December 31. respectively.387 in the balance sheet as of June 30. 2008 regarding GWM of Commercial Banks in Bank Indonesia in Rupiah and Foreign Currencies”. As of December 31. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.989. In order to have a fresh start with a balance sheet showing the current values without accumulated losses. And. respectively. IMPLEMENTATION OF QUASI-REORGANIZATION (continued) possible losses on earning assets of BRI had been significantly reduced when the non-performing earning assets were transferred to the Indonesian Bank Restructuring Agency (IBRA).791 19.414 CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE SOCIAL RESPONSIBILITY As of December 31. 2008 regarding “The Amendment on PBI No. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 42 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 2010 based on Bank Indonesia’s regulation (PBI) No. 2003.570.90% 6. Current accounts with Bank Indonesia are maintained to comply with Bank Indonesia’s Minimum Legal Reserve Requirements (GWM). 2010 and 2009. BRI implemented quasi-reorganization as of June 30. 2010 and 2009. regarding “GWM of Commercial Banks with Bank Indonesia in Rupiah and Foreign Currencies”.05% 3.5%.892 418.47 1. 2010 and 2009. BRI’s management has prepared projections of financial statements that show strong profitability and sound Capital Adequacy Ratio (CAR) based on the primary strength of BRI as a major bank in Indonesia that focuses on micro-finance.00 SUBSIDIARIES The calculation of the GWM ratios as of December 31.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 2009 is based on PBI No. for Secondary GWM in Rupiah of 2. 2010 and 2009 (Expressed in millions of Rupiah.882 and Rp86.532.Rupiah Primary GWM . 2010 and 2009. 12/19/PBI/2010 dated October 4. in accordance with the above mentioned Bank Indonesia regulation. 2003 (Note 2d).893. unless otherwise stated) 3.00 2009 5.673 360. and foreign currency of 1% and 1%. the GWM ratios of BRI (unaudited) are as follows: 2010 Primary GWM .Rupiah Secondary GWM . the Bank has to meet the required Primary GWM in Rupiah of 8% and 5%.38 1. 278 . The calculation of the GWM ratios as of December 31. 10/19/PBI/2008 dated October 14.873. 4. respectively. 2010. As of December 31. current accounts with Bank Indonesia under sharia banking principles amounted to Rp254. consumer financing.5% and 2. CURRENT ACCOUNTS WITH BANK INDONESIA Current accounts with Bank Indonesia consist of: 2010 Rupiah United States Dollar 19.683 2009 12.

781 54.359 1.939 898.360.710 2. The Bank of Tokyo-Mitsubishi UFJ. 2010 and 2009 (Expressed in millions of Rupiah.365 241.135.053 b) By Bank: 2010 Third parties Rupiah PT Bank Central Asia Tbk PT Bank Pembangunan Daerah Kalimantan Tengah PT Bank Mandiri (Persero) Tbk Others 2009 2009 54.707.371 9.694 693.212 5.026.086 45.262 95.086 3.565.658. Ltd.293.714.800. unless otherwise stated) 5.A.258 223 5.875 347.441 28.275 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY 77.478.531 1.439 3.776 163.086 (90.756 54.727 9.158 39.852 146.099 2. Al Rajhi Bank Oversea-Chinese Banking Corporation Limited ANZ Banking Group Limited 1. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.658.615 153.683 4.920 586.042 1.188 13.508 152.683 1.754 210.G. N.116 (63) 5.763 54.990.138 28.171 2. The Hongkong and Shanghai Banking Corporation Limited The Royal Bank of Scotland ING Belgium N. 279 .V.188 SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 43 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.030 5.765 441.462.403 9.248.309 3.127 37.143 406 827 81.932 125.162 13.126 37.124 124.162 Foreign currencies Standard Chartered Bank JP Morgan Chase Bank.457 53.006 5.081.956 102.577. A. CURRENT ACCOUNTS WITH OTHER BANKS a) By Currency: 2010 Third parties Rupiah Foreign currencies United States Dollar European Euro Japanese Yen Arab Emirate Dirham Great Britain Pound Sterling Hong Kong Dollar Saudi Arabian Riyal Singapore Dollar Australian Dollar Swiss Franc Others Total Less: Allowance for impairment losses 81. Brussels Commerzbank.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.811) 8.539 143.293 304.

275 CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS e) Movements of the allowance for impairment losses on current accounts with other banks: 2010 Rupiah Beginning balance Adjustment on the beginning balance due to the implementation of SFAS No. 50 (Revised 2006) (Note 39) (Reversal) provision during the year (Note 32) Ending balance Foreign currencies Beginning balance Adjustment on the beginning balance due to the implementation of SFAS No.081. 2010 and 2009 were classified as “Current”.144 (597) 547 BRI 2011 SUBSIDIARIES 90.658. d) Average annual interest rates for demand deposits with other banks: 2010 Rupiah Foreign currencies United States Dollar European Euro 0.064 - FINANCIAL STATEMENTS FINANCIAL REPORT 44 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 2010 and 2009 (Expressed in millions of Rupiah. 55 (Revised 2006) and SFAS No.714 9.36 0.030 Total Less: Allowance for impairment losses 5.264 (90.19% 0. BRI assessed impairment in current accounts with other banks individually based on whether an objective evidence of impairment exists. 55 (Revised 2006) and SFAS No. 2010.086 (90. unless otherwise stated) 5. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. CURRENT ACCOUNTS WITH OTHER BANKS (continued) b) By Bank (continued): 2010 Foreign currencies (continued) Others 79. 50 (Revised 2006) (Note 39) 547 (546) 62 63 2009 1.116 (63) 5.990. except for current accounts with other banks under sharia principles whereby assessment is made using Bank Indonesia’s guideline on collectability .FOREWORD These consolidated financial statements are originally issued in the Indonesian language.33% 0.053 c) By Collectability : Starting January 1.403 9.20 2009 1. 280 .60 2009 54.811) 8.577.472 5.026.658. All current accounts with other banks as of December 31.264) 33.

000 25.784.000 - 12.500 27.000 30.FASBI Syariah Inter-bank call money PT Bank Pan Indonesia Tbk PT Bank Bukopin Tbk PT Bank Mega Tbk Lembaga Pembiayaan Ekspor Indonesia PT Bank DKI PT Bank Tabungan Pensiunan Nasional Tbk PT Bank Commonwealth PT Bank Rabobank International Indonesia PT Bank Mayapada Internasional Tbk PT Bank Sinarmas Tbk PT Bank Danamon Indonesia Tbk PT Bank Himpunan Saudara 1906 Tbk PT BNI Sekuritas PT Bank Internasional Indonesia Tbk 45 2009 49. Information with respect to classification of not impaired and impaired financial assets is disclosed in Note 37.500 68.264 90.008.925 205. 2009) Bank Indonesia .019 100. 281 SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS .000 35.000 225.811 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS The minimum allowance for impairment losses on current accounts with other banks that should be provided based on Bank Indonesia regulations amounted to Rp63 and Rp90.594 13.FTK (net of unamortized interest of Rp11.000 30. 2010 and 2009 (Expressed in millions of Rupiah.000 25.000 20.813.FASBI (net of unamortized interest of Rp6. Management believes that the allowance for impairment losses on current accounts with other banks is adequate.000 45. PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS a) By Currency and Type: CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY 2010 Third parties Rupiah Bank Indonesia .000 230.406 as of December 31.000 25.367.200 90.790 18.988.092 235. CURRENT ACCOUNTS WITH OTHER BANKS (continued) e) Movements of the allowance for impairment losses on current accounts with other banks (continued): 2010 Foreign currencies (continued) Provision during the year (Note 32) Ending balance 63 2009 57. 6. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.811 as of December 31.000 10.075 as of December 31. 2009) Bank Indonesia . respectively. unless otherwise stated) 5.000 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.000 100.556. 2010 and 2009.802 403.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.000 35.

257.272. First Union.057.746. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.000 40.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.495. Standard Chartered Bank Deposits On Call Standard Chartered Bank 13.063 40.115 2. N.635 3. N.208 151.092 16.000 83.631. NY Citibank.204. N.390 SUBSIDIARIES Related Party Inter-bank call money PT BTMU-BRI Finance Total Less: Allowance for impairment losses 215. Bank of America.466. 2010 and 2009 (Expressed in millions of Rupiah.208 27.A.227 United States Dollar Inter-bank call money The Bank of New York Mellon Toronto Dominion Bank.515 13.A.779 1.675.159.631 2.272.977.088.057 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 46 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Standard Chartered Bank PT Bank Mandiri (Persero) Tbk 3.548 1.290 (136.390 (250) 83.518 1.035.835 93.388 13.290 CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE Time Deposits Toronto Dominion Bank. 282 .900 211.488 187.653 2.A. N.683 3.275 105.144.332 45.114.233) 40.950 13.000 69. unless otherwise stated) 6.A.675 23.438.A.140 193.100 13.515 991.767 2.279. PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS (continued) a) By Currency and Type (continued): 2010 Third parties Rupiah (continued) The Hongkong and Shanghai Banking Corporation Limited 2009 MANAGEMENT DISCUSSION AND ANALYSIS 1.901.298 83.050 12.136. N.037.067. The Royal Bank of Scotland PT Bank Negara Indonesia (Persero) Tbk Wachovia Bank.461.591.270 1.

683 1.60 0. PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS (continued) b) By Time Period: The placements are grouped by their remaining period to maturity as follows: 2010 Third parties Rupiah ≤ 1 month United States Dollar ≤ 1 month > 1 month .615 13. 2010 and 2009 were classified as “Current”.279.063 40. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2010.92 SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 47 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BRI assessed the placements with Bank Indonesia and other banks individually based on whether an objective evidence of impairment exists.004.000 40.900 13.390 (250) 83.495.466.52 2. All placement with Bank Indonesia and other banks as of December 31.057.290 (136.3 months > 3 months . unless otherwise stated) 6.591. 2010 and 2009 (Expressed in millions of Rupiah. d) Average annual interest rates are as follows: 2010 Rupiah FASBI/FTK Inter-bank call money Foreign currency Inter-bank call money Time deposits 5.233) 40. except for the placements with Bank Indonesia and other banks under sharia principles whereby assessment is made using Bank Indonesia’s guideline on collectability .092 27.631.298 83.47 0.390 13.86% 6.272.290 CORPORATE GOVERNANCE Related party Rupiah ≤ 1 month Total Less: Allowance for impairment losses 215.05 0.1 year 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 69.975 187.188 46.057 CORPORATE SOCIAL RESPONSIBILITY c) By Collectability : Starting January 1.63 2009 6.159.461.227 12.044.438.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.000 83.272. 283 .140 193.75% 7.

533 905.700) 38. respectively. SECURITIES a) By Purpose.442 ) 250 250 132.791 136.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.601 (11.791 ) 250 2009 14.586 317. 2010 and 2009. Information with respect to classification of not impaired and impaired financial assets is disclosed in Note 37. 2010 and 2009 (Expressed in millions of Rupiah. 55 (Revised 2006) (Note 39) Writte offs during the year Provision during the year (Note 32) Ending balance 3.582 9.165 (563. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. Currency and Type: Fair value through profit or loss Rupiah Certificates of Bank Indonesia Mutual funds Government bonds United States Dollar Government bonds 2010 2009 SUBSIDIARIES 193. Management believes that the allowance for impairment losses on placements with Bank Indonesia and other banks is adequate. unless otherwise stated) 6.791 (132.788 326.326 132.233 as of December 31.562 203.907 BRI 2011 203.159) 3.233 CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE SOCIAL RESPONSIBILITY The minimum allowance for impairment losses on placements with Bank Indonesia and other banks that should be provided based on Bank Indonesia regulations amounted to Rp250 and Rp136. 7.144 FINANCIAL STATEMENTS FINANCIAL REPORT 48 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS (continued) e) Movements of allowance for impairment losses on placements with Bank Indonesia and other banks: 2010 Rupiah Beginning balance Adjustment on the beginning balance due to the implementation of SFAS No.442 (3.374 579.442 658.144 8. 55 (Revised 2006) (Note 39) (Reversal) provision during the year (Note 32) Ending balance United States Dollar Beginning balance Adjustment on the beginning balance due to the implementation of SFAS No. 284 .

355.128 20.440.885.240. 2009 Notes Receivable Medium term notes Government Bonds .284 1.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.117.026. 2010 and 2009 (Expressed in millions of Rupiah.236.120 44. unless otherwise stated) 7.295 CORPORATE GOVERNANCE Held-to-maturity Rupiah Government Bonds .736.668 13.773.661 BRI 2011 3.642 180.000 120.588.211.plus unamortized premium of Rp535.942.900 137.168 2. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2009 2. 285 .200 132.450 9.745 CORPORATE SOCIAL RESPONSIBILITY 1.589 2.657 as of December 31.883 11.net of unamortized discount of Rp3. 2009 Bank Indonesia Sharia Certificates (SBIS) Medium-term notes Subordinated notes . 2009 Bonds .830 16.122.001.528 1.041.450 as of December 31.408 194.921 FINANCIAL REPORT FINANCIAL STATEMENTS 49 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.586 1.817 1.188 3.235 as of December 31.499 997.net of unamortized discount of Rp57.447.567 187.881.279 1.709 13.225 1. 2009 Certificates of Bank Indonesia .365. 2009 SUBSIDIARIES 3.072.550 25.660 689.000 89.431 397.734 3.793 United States Dollar Credit linked notes .738.663 200.511.264 as of December 31.175.000 10. Currency and Type (continued): 2010 Available-for-sale Rupiah Certificates of Bank Indonesia Government bonds Bonds 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 8.843 5. SECURITIES (continued) a) By Purpose.117 as of December 31.000 49.191.177 3.413 United States Dollar Government bonds Medium term notes Notes receivable 2.535 195.net of unamortized discount of Rp170 as of December 31.070.net of unamortized discount of Rp61.net of unamortized discount of Rp1.

BRI assessed the securities on whether an objective evidence of impairment exists individually.425 18.773.510) 22.1 year > 1 year 12.109) 24.033.1 year > 1 year 2009 12.516. Government Bonds Government bonds represent bonds issued by the Government in connection with the management of Government debentures portfolio such as Government Debentures (SUN).132 Total Less: Allowance for impairment losses 22. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.241 (57.427.241 (57. .487. The details of Government Bonds are as follows: FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 50 286 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.721 3.485 635. 2010 and 2009.109) 24.956. c) By Remaining Period to Maturity: The classifications of securities based on their remaining period until maturity are as follows: 2010 Rupiah ≤ 1 month > 1 month .783 2.3 months > 3 months .778.460.514. SECURITIES (continued) a) By Purpose. Currency and Type (continued): 2010 Total Less: Allowance for impairment losses 22.159 2.663 b) By Collectability : Starting January 1.173 (1.560.510) 22.535.849 24.128 6.951 360. Securities were classified as “Current” as of December 31. 2010.393 214.516.478.808 5. except for securities of subsidiary under sharia principles whereby assessment is made using Bank Indonesia’s guideline on collectability .917.514.132 CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 2.535.107.853.478.173 (1.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 2010 and 2009 (Expressed in millions of Rupiah. Government Treasury Bills (SPN) and Government Bonds issued in foreign currencies which are obtained from the primary and secondary markets.778 3.014 United States Dollar ≤ 1 month > 3 months .699 2.663 SUBSIDIARIES d) By Type and Issuer: d.843 16.233.1.392 2009 24. unless otherwise stated) 7.400 3.301.

50 11. 287 . 2028 August 15. 2012 September 15. 2013 August 15.00 11.120 FINANCIAL REPORT FINANCIAL STATEMENTS 51 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.880 125.201 58.25 9.365.50 9.911 9. 2016 681. 2031 September 15. 2020 September 15.00 12.00 10.630 99.189 431 522 53 49.160 33. 2010 September 12. 2017 November 15.00 11. 2026 March 28.50 March 10. 2014 May 4.321 CORPORATE GOVERNANCE United States Dollar RI0014 RI0015 RI0037 6.38 9. 2021 July 15. 2013 March 15. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2010 and 2009 (Expressed in millions of Rupiah.50 8. 2010 February 20.535 122. 2027 February 15. 2013 August 15.424 55.114 61.408 415.835 12.387 105. 2010 March 15. SECURITIES (continued) d) By Type and Issuer (continued): d.00 10.294 63.75 7. unless otherwise stated) 7.28 9.365 52.022 62.167 22. 2010 September 12. 2012 February 25.862 214. 2011 March 12. 2012 September 15.28 9.968 73.592 52.578 433 89.559 80. 2013 October 15.1. 2012 August 15.877 64.38 7.63 March 10.40 9.35 12.788 315. 2014 April 20. 2012 February 20.45 9.174 10.117 91.510 255.25 - June 15.600 317.558 425.040 SUBSIDIARIES BRI 2011 United States Dollar RI0014 RI0014 RI0015 RI0016 6.70 9. 2012 February 10.041.50 11.951 27.886 460.00 10.25 7.013 902 6.25 6.38 8. 2013 mixed 259.107 114. Government Bonds (continued) Series Fair value through profit or loss Rupiah FR0024 FR0033 ORI002 ORI003 ORI004 ORI005 ORI006 SR001 ZC-04 ZC-05 Annual Interest Rate (%) Maturity Date Fair Value/Cost 2010 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 12.40 9.533 897.50 10.462 45 283 3.974 22. 2025 July 15.25 10.45 9.259 1.188 2.480 47. 2013 March 28.241 61. 2013 February 25.585 177.962 158.520 39.184 579.256 1. 2013 - 25.281 325.00 - October 15. 2015 February 17.00 8. 2015 July 15.35 7.252 26. 2030 February 20. 2015 January 15.75 10.95 12. 2011 March 12.182 206.526 115. 2014 April 20. 2016 September 15. 2030 July 15.75 7.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.226 20. 2037 - CORPORATE SOCIAL RESPONSIBILITY Available-for-sale Rupiah FR0027 FR0028 FR0031 FR0040 FR0042 FR0047 FR0052 FR0053 FR0054 FR0055 FR0056 ORI002 ORI003 ORI004 ORI005 ORI006 ORI007 SR001 SR002 IFR0004 IFR0006 ZC0005 SPN 9.970 7.

25 9.63 March 9.391 35.88 8. 2020 October 12.132 538.560 90.00 10. 288 .661 2.000 42.762 159.33% to 113.965 65.00 10.00 10.50 10.333 1.254 100.925 (3.527 124.215 90. 2026 September 15. 2010 and 2009 (Expressed in millions of Rupiah.920 223.50 10. 2014 July 15.152 33.871 58.598 70.980 (57.634 40.88 6. 2018 February 17.75 11. 2037 July 15. Government Bonds (continued) Series Available-for-sale (continued) United States Dollar (continued) RI0017 RI0018 RI0020 RI0035 RI0037 RI0038 U. 2017 May 15.25 - October 15.736.00 10.098 111.474 2.S Treasury Bonds Annual Interest Rate (%) Maturity Date Fair Value/Cost 2010 2009 MANAGEMENT DISCUSSION AND ANALYSIS 6.729 64.508 296.177 BRI 2011 2.369 106.745 9.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.120 394. 52 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 2030 July 15. 2010 and 2009.928 114.25 10.000 149.968 118.96% as of December 31.818 212.279 2.25% and 75.711 116.338 240. 2025 July 15.63 7.1.734 113.606 102. 2018 September 15.456 FINANCIAL STATEMENTS FINANCIAL REPORT The market value of Government Bonds held for trading and available-for-sale ranged from 91.406 SUBSIDIARIES United States Dollar RI0018 RI0037 Less: Unamortized Interest and Discount 6.75 9. 2022 May 15.191. 2018 March 13.25 10.000 100.760 49.235) 1.00 9.000 113.177 132. 2037 January 17. 2038 August 15.778 2.00 9. 2021 September 15.530 140. SECURITIES (continued) d) By Type and Issuer (continued): d.63 January 17.019 34.868.000 120.026.068 CORPORATE GOVERNANCE 4. 2035 February 17.827 31.000 1.024 146. 2025 mixed 161.942. 2015 January 15. 2013 July 15.983 121.33% to 124. 2017 January 17. 2016 September 15.736.655 Held-to-maturity Rupiah FR0026 FR0028 FR0030 FR0040 FR0042 FR0043 FR0045 FR0046 FR0047 FR0048 FR0049 FR0050 FR0052 FR0053 FR0055 FR0056 IFR0003 IFR0007 SPN Less: Unamortized Interest and Discount CORPORATE SOCIAL RESPONSIBILITY 11.999.644 139.080.650 132.88 6. 2038 15 November 2020 395.279 155.38 9. 2028 September 15.026 108.089 68.88 5. 2023 February 15.38 8.000 170.660 2.417 127.395 131. 2037 7.391.264) 137. 2027 July 15. respectively.50 8.75 2. unless otherwise stated) 7.508 190. 2016 September 15. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.50 6.233.25 7.852 520.

004 CORPORATE GOVERNANCE 194. 2017 September 4. 2017 idAA idAA+ idAA+ idAAidAAidAA+ 105. 2010 June 8. 2017 July 10.000 25. 2012 December 16. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2012 July 8.000 29.000 18.40 6.000 25.85 16.000 30.25 13. 2011 July 8.000 200. 2011 June 20.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.75 10.000 25.000 25.63 8.000 25.000 25.50 10. 2013 June 28. 2012 March 8.50 9.253 79.37 June 21.60 8.000 10.75 12.000 49. 2012 November 27. 2014 idAAAA**) idBBB+ idBBB+ idAA+ idAA+ idAA+ idAA idA+ idA+ idAA idA idA idAAA idAAA idAAA AA**) AA**) idAA- idBBB+ idAAA idBBB+ idBBB+ idAAA idAA+ idAA+ idAA+ idAAidA+ idA+ idAAidAidAidAidAAA idAAA AA***) idAA- 250.398 195. 2012 March 11.25 10.000 5.75 11. Bonds Annual Interest Rate (%) Maturity Date Rating *) 2010 2009 Fair Value/Cost 2010 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS Issuer Available-for-sale Rupiah PT Jasa Marga (Persero) Tbk Series XIII R PT Perusahaan Listrik Negara (Persero) Series IX A Perum Pegadaian Series XII B 10.85 9. 2015 January 3.00 8.560 10. 2011 June 20. 2013 December 1.50 13.13 12. 2012 July 10.2. 2013 December 9.65 July 11.60 9. 2013 July 8. 2012 December 16. 289 .000 49. 2012 December 9.50 12.000 50.000 50. unless otherwise stated) 7.75 9.817 Held-to-maturity Rupiah PT Japfa Comfeed Indonesia Tbk Series I PT Bentoel Internasional Investama Tbk Series I PT Bakrieland Development Tbk Series I B Sukuk Ijarah I B PT Summit Oto Finance Series C 10 B PT Bank Danamon Indonesia Tbk Series I B Series II A Series II B PT Bank Pan Indonesia Tbk Series II B PT Mitra Adiperkasa Tbk Series I A Sukuk Ijarah I A PT Bank Negara Indonesia (Persero) Tbk Series I PT Danareksa (Persero) Series III A Series III B Series III C Lembaga Pembiayaan Ekspor Indonesia Series IV A Series IV B Series I B Series I C PT Sarana Multigriya Finansial (Persero) Series II Series III B PT Salim Invomas Pratama Sukuk Ijarah I 12. 2010 April 19.000 200.000 45.000 50.000 20.000 100. 2013 July 7.000 50.25 12.000 25. 2010 June 20.513 20. 2010 and 2009 (Expressed in millions of Rupiah.000 50.000 25.91 10.00 10.000 50.005 80.000 100.480 10.000 5.000 250.000 10.000 CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 53 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.000 20.00 13.00 11.758 50. SECURITIES (continued) d) By Type and Issuer (continued): d. 2015 June 19.883 105.000 25.000 45.

unless otherwise stated) 7. respectively.000 1.328 and Rp191. while the market value at that date are Rp168.668 CORPORATE GOVERNANCE *) Based on ratings issued by PT Pemeringkat Efek Indonesia (Pefindo).95 December 4.25 11.75 10.890 which was recorded as discount and amortized until maturity.211.228 10. 2012 June 11. BRI also reclassified 1 (one) bond classified as available-for-sale with a nominal amount of Rp20. 2017 idAA idAA idAAidA+ idAA+ idAAidAAidAAA idAA+ idA idAA- idAAidAAidAAidA idAA+ idAAidAAA idAA- 25. ***) Based on ratings issued by Fitch Ratings.000.000 16. 2014 May 29.000 1. Mutual Funds ITB Mutual Funds .000 7.3. Bonds (continued) Annual Interest Rate (%) Maturity Date Rating *) 2010 2009 Fair Value/Cost 2010 2009 MANAGEMENT DISCUSSION AND ANALYSIS Issuer CORPORATE SOCIAL RESPONSIBILITY Held-to-maturity (continued) Rupiah (continued) PT Pupuk Kalimantan Timur Sukuk Ijarah I Series II PT Medco Energi Internasional Tbk Series II A PT Ciliandra Perkasa Series II PT Indosat Tbk Sukuk Ijarah IV A PT Bank Tabungan Negara (Persero) Tbk Series XIII A Series XIV EBA Seri I A PT Malindo Feedmill Tbk Series I PT BW Plantation Tbk Series I PT PLN (Persero) Sukuk Ijarah IV A Less: Unamortized discount 10. while the market value at that date is Rp20. 2018 March 6.000 to available-for-sale and held-to-maturity”.325 10.000 20.000 10. respectively.75 13. 2014 June 17. 2012 November 27.000 25.110.38 11.000 10.000 and Rp195.000 20. 2010 and 2009 amounted to Rp9. 2015 January 12. BRI reclassified all of its bonds classified as trading with nominal amount of Rp185. 290 .562 and Rp8.000 16. The difference between the market value and nominal amount for securities reclassified to held-to-maturity from trading amounted to Rp3. 2014 December 4.000 20. SUBSIDIARIES On April 8.2.25 13. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.00 11. **) Based on ratings issued by Moody’s. SECURITIES (continued) d) By Type and Issuer (continued): d.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. d. 2012 December 8.000 to held-to-maturity.657) 1.Niaga as of December 31.000 10.122.586.75 10. 2013 November 16. 2010 and 2009 (Expressed in millions of Rupiah. respectively.211. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 54 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.68 11.499 25.124.499 1. 2020 March 10.000 30.000 10.000 20.80 10.000 10.000 10.325 (1.50 11. 2009.

2010 and 2009 (Expressed in millions of Rupiah. 2009.957 128.642 397. BRI made a reclassification of PT Bank Pan Indonesia Tbk subordinated notes classified as available-for-sale with a nominal amount of Rp50. N.5.000 50. Carrying Value Rating* ) COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 2009 Maturity Date Fair Value Rating*) Maturity Date - - - 560.571 689.050 45.843 89.000 to held-to-maturity while the market value at that date is Rp49.S.242 397. 2011 August 30. The unrealized accumulated loss at the time of reclassification amounted to Rp185 and was recorded as part of equity. Based on ratings issued by Fitch Ratings. 2011 August 30. Bank.830 Less: Unamortized discount SUBSIDIARIES *) **) Based on ratings issued by Pefindo. 180.4. 2011 January 3. 2017 April 9. unless otherwise stated) 7. 2018 AA**) idAA- idA+ 40.528 A-1 A-1 February 1. 2010 Held-to-maturity United States Dollar Standard Chartered Bank UBS AG UBS AG Intens Funds Natix U.843 50.A.050 37.200 63.642 AAAAAA- December 8.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.A.000 (170) 49.528 - - CORPORATE GOVERNANCE *) Based on ratings issued by Standard & Poor’s. 291 .843 89.000 49.A . 2010 January 4. N.S.815.35 11.60 June 30. U. 2011 September 2. d. On April 8. BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 55 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. SECURITIES (continued) d) By Type and Issuer (continued): d. N. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. Subordinated Notes CORPORATE SOCIAL RESPONSIBILITY Issuer Held-to-maturity Rupiah Bank OCBC NISP Series III PT Bank Pan Indonesia Tbk Series II Annual Interest Rate (%) Ratings *) Maturity Date 2010 2009 Fair Value/Carrying Value 2010 2009 11. 2011 August 12.030 45. Notes Receivable 2010 Issuer Available-for-sale United States Dollar Toronto Dominion Bank.070 27. Bank. 2011 689.

175. **) The interest is receivable every 3 (three) months.000 929. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2012 December 20.000 - CORPORATE GOVERNANCE 10. 2014 LIBOR**) + 2.000 10.6.50% June 20.900 CORPORATE SOCIAL RESPONSIBILITY 344.000 235.000. 2014 LIBOR**) + 1. unless otherwise stated) 7.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.224 2.000. 2012 180.000 50.000 25.000 20.000. SECURITIES (continued) d) By Type and Issuer (continued): d.50**) December 6.65% LIBOR*) + 1. Medium Term Notes (MTNs) Nominal Amount Issuer Available-for-sale United States Dollar PT Medco Energi Internasional Tbk Held-to-maturity Rupiah PT Bank Resona Perdania PT Perkebunan Nusantara (Persero) Seri III A Seri III B Seri VII A PT Sarana Multigriya Finansial (Persero) Seri II United States Dollar Rupiah Annual Interest Rate (%) Fair Value/ Cost 2010 2009 MANAGEMENT DISCUSSION AND ANALYSIS Maturity Date 5.10% 90.000.582 748. 2008 December 1.114 259. 2011 25.000.900 197.000 50.000 50.431 BRI 2011 September 26.000 75.80% March 20. 292 .000. 2013 LIBOR + 2. Credit Linked Notes (CLN) As of December 31.000 25. 2013 December 30.200 300.00% *) 50. 2015 July 8.38**) October 29.000 25. d. 2010 and 2009 (Expressed in millions of Rupiah.000 25.000 United States Dollar PT Medco Energi International Tbk 20.000 - 8.664 3.00**) December 23.7.50% March 20.000 25.995 714. 2009 January 14.40**) 8. 2014 LIBOR**) + 1.000.000.200 187. 2013 44. 2009 April 28.426.434 523.900 197.75**) 10.000 9.000 20.589 - - 10.000. 2008 December 20.767 489.000 70. 2010 November 22. 2013 November 22.082 259.000 FINANCIAL STATEMENTS FINANCIAL REPORT Total 56 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.000 120.000.789 *) The interest is receivable every 6 (six) months. 2010 and 2009. 2009 March 20.000 - 6.10**) 9.60*) 9. the following are the balances of securities in the form of CLN: 2010 Effective Date Maturity Date Annual Interest Rate Nominal Value (US$) Issuer Held-to-maturity United States Dollar Restructured in 2009 Standard Chartered Bank The Hongkong and Shanghai Banking Corporation Limited The Royal Bank of Scotland The Royal Bank of Scotland Restructured in 2008 Credit Suisse International The Royal Bank of Scotland Cost SUBSIDIARIES February 11. 2009 February 10. 2014 LIBOR**) + 1.

Credit default events that can occur to the reference entity among others are (i) failure to pay any matured obligation. unless otherwise stated) 7.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.10% 90. interest rate. 2008 December 1.825 CORPORATE GOVERNANCE September 26. If credit default event occurs to the reference entity.021 (equivalent to Rp72. 2009 March 20.912. 2009 April 28. respectively.000 235. BRI has restructured some of its CLN contracts by changing the nominal amount.661 (equivalent to Rp390.117 3.555.750 234. SECURITIES (continued) d) By Type and Issuer (continued): d. and eliminated the requirement to make the top-up payment.000.000.288 and Rp271.415). respectively.50% June 20.50% March 20.65% LIBOR*) + 1.000.875 704. 293 . period. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2014 LIBOR**) + 1. SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 57 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.650 469.000 75. **) US$ LIBOR 3 (three) months.000 25.80% March 20. The net gain from the decrease in negative fair value of the embedded credit default swaps was recognized as income for the years ended December 31.023.000 25. The embedded credit default swaps as of December 31.550 657. 2014 LIBOR**) + 1.912.000 469.854).00% 50.207. the issuers will settle the CLN with bonds issued by the reference entity or cash at a certain amount.450 535.625 2. which were recognized as derivatives payable in the consolidated balance sheets (Note 11).000 50. and (iii) restructuring in which the payment terms are unfavorable to the creditors. 2014 LIBOR**) + 1.936.000.567 Add: Unamortized premium Total *) US$ LIBOR 6 (six) months.447.000 70.426) and US$41. 2012 December 20.000.000. 2008 December 20. (ii) repudiation/moratorium.750 234. 2013 LIBOR*) + 2. CORPORATE SOCIAL RESPONSIBILITY CLN represents a debt security where the coupon payments and principal repayment are linked to credit default event of the Republic of Indonesia (reference entity). 2009 February 10.875 2. 2010 and 2009 (Expressed in millions of Rupiah. 2010 and 2009 have a negative fair value of US$8. 2009 January 14. 2014 LIBOR**) + 2.000.000 845. BRI will receive all interest payments and full principal repayment if there is no credit default event.952 (equivalent to Rp188. 2010 and 2009 amounting to US$20.069 and US$28.7.000. During 2009. Credit Linked Notes (CLN) (continued) Effective Date Maturity Date 2009 Annual Interest Rate Nominal Value (US$) COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS Issuer Held-to-maturity United States Dollar Restructured in 2009 Standard Chartered Bank The Hongkong and Shanghai Banking Corporation Limited The Royal Bank of Scotland The Royal Bank of Scotland Restructured in 2008 Credit Suisse International The Royal Bank of Scotland Cost February 11.

09% 3.81 2009 9.859 MANAGEMENT DISCUSSION AND ANALYSIS 43.135 2. f) Average annual interest rates 2010 Rupiah United States Dollar 8.030 for the years ended December 31.250 57. unless otherwise stated) 7.700 as of December 31. respectively.859 (12.250) 1. 2010 and 2009. 2010 and 2009.net” in the consolidated statements of income. 55 (Revised 2006) (Note 39) Reversal during the year (Note 32) Ending balance 13.01% 3. have been sold with agreements to repurchase (Note 22). 2010 and 2009.109 as of December 31. 2010 and 2009 (Expressed in millions of Rupiah.net” in the consolidated statements of income. which is recorded under “Unrealized gain in the value of securities and Government Recapitalization Bonds . FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 58 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. i) Government bonds amounted to Rp540.250 (43. Management believes that the allowance for impairment losses on securities is adequate.909) 43.600 and Rp563.846 for the years ended December 31.275 and Rp142.109 CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY The minimum allowance for impairment losses on securities that should be provided based on Bank Indonesia regulations amounted to Rp1. 2010 and 2009. SECURITIES (continued) e) Movements of the allowance for impairment losses on securities: 2010 Rupiah Beginning balance Adjustment on the beginning balance due to the implementation of SFAS No.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.510 78.71 SUBSIDIARIES g) BRI recognized net unrealized gain in the value of “Fair value through profit or loss” securities amounting to Rp3. respectively.449) 100 1.510 2009 11. h) BRI recognized net gain resulting from the sale of securities amounting to Rp153.724 13.321 and Rp122. 55 (Revised 2006) (Note 39) Provision during the year (Note 32) Ending balance United States Dollar Beginning balance Adjustment on the beginning balance due to the implementation of SFAS No.510 and Rp57.159 (34. which is recorded under “Gain on sale of securities and Government Recapitalization Bonds . COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 294 .

172 (5.660 SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 59 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.172 (5. 2010 and 2009.921 15.006 112.1 year Total Less: Allowance for impairment losses 480.034 218.953 489.107 136.485 3.086 2.927 34.523 4. 2010 and 2009 (Expressed in millions of Rupiah. c) By Period: The classification of export bills based on their remaining period to maturity is as follows: 2010 Third parties ≤ 1 month > 1 month .512) 545.062 445.609 70. unless otherwise stated) 7.512) 545. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.418) 734. 8.110 551.563 551.840 699.3 months > 3 months .466 741.339 2009 547.042 741.418) 734.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.467 12.757 (7.105 125. SECURITIES (continued) Information with respect to classification of not impaired and impaired financial assets is disclosed in Note 37.715 62.339 222.475 648 1.257 43. 295 .660 CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY b) By Collectability : All export bills are classified as “Current” as of December 31. EXPORT BILLS a) By Type and Currency: 2010 Third parties Rupiah Domestic Documentary Letter of Credit Foreign currencies Export bills United States Dollar Japanese Yen Hong Kong Dollar European Euro Saudi Arabian Riyal Arab Emirate Dirham Great Britain Pound Sterling Australian Dollar Singapore Dollar Total Less: Allowance for impairment losses 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 42.757 (7.609 3.

000 1.000 4.463 60 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.512 1. Management believes that the allowance for impairment losses on export bills is adequate.404.512 MANAGEMENT DISCUSSION AND ANALYSIS The minimum allowance for impairment losses on export bills that should be provided based on Bank Indonesia regulations amounted to Rp7.000 15. On November 5.5 years > 5 years . GOVERNMENT RECAPITALIZATION BONDS This account represents bonds issued by the Government related to BRI’s recapitalization program and Government Recapitalization Bonds purchased from the secondary market.000 8. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. unless otherwise stated) 8.300 on July 25. BRI received bonds issued by the Government with the nominal amount of Rp29. Based on the management contract dated February 28.000.100.000 3.063.149. BRI returned such bonds amounting to Rp85.469 should be returned to the Government and BRI will not earn the interest income on such bonds.003 800.400.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.027. respectively. 2000.000. EXPORT BILLS (continued) d) Movements of the allowance for impairment losses on export bills: 2010 Beginning balance Provision (Reversal) during the year (Note 32) Ending balance 5.000 7. In connection with the recapitalization program. 9.000 in 2 (two) tranches at nominal amounts of Rp20.500.906 7. therefore the recapitalization excess of Rp85.418 2009 5. including the related interests on such bonds to the Government.026.700 on October 31. CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE 2009 140.1 year > 1 year .3 months > 3 months . 2001 between the Government with BRI and the Directors and Boards of Commissioners of BRI.626. 2010 and 2009 (Expressed in millions of Rupiah.074 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES 296 . The details of Government Recapitalization Bonds are as follows: a) By Ownership Purpose and Remaining Period to Maturity: 2010 Fair value through profit or loss ≤ 1 month Available-for-sale ≤ 1 month Held-to-maturity > 1 month . all of which are bonds with fixed interest rates. 2000 and Rp8. Information with respect to classification of not impaired and impaired financial assets is disclosed in Note 37.512 as of December 31.000 2.463 4.617 (105) 5.418 and Rp5.531 (Note 27a).469.744.10 years > 10 years 6.100. 2010 and 2009.000 500.600. 2001. they have agreed that the total Government Recapitalization Bonds needed for BRI’s recapitalization amounted to Rp29.071 6.000 13.487.

15 13. to repurchase as of The market values of several Government Recapitalization Bonds classified under fair value through profit or loss and available-for-sale ranged from 104.349 1. 2018 August 25. 2010 and 2009 amounted to Rp100.000 4. 2012 July 15. 2018 August 25.202 6.000 15. 2012 - 30.625.047. 2010 January 15.000 each (Note 22).463 CORPORATE SOCIAL RESPONSIBILITY c) Other Significant Information: The schedule of interest payment for bonds series FR is every 6 (six) months.315 6.99% up to 110.000 250.463 CORPORATE GOVERNANCE Held-to-maturity FR0011 FR0015 VR0020 VR0021 VR0023 VR0026 VR0027 VR0028 VR0029 VR0031 13.000 375. BRI recognized net loss from sales of Government Recapitalization Bonds classified as fair value through profit or loss amounting to Rp387 for the year ended December 31. 2010 February 15.400.071 482.69% and 101.270. 2010 August 15.000 375. 2018 July 25.776 1.353.485 3.000 375. which was recorded under “Gain on sale of securities and Government Recapitalization Bonds .681 140. 2016 January 25. while for bonds series VR is every 3 (three) months.000 500.000 13.003 800.600. 2010 and 2009 (Expressed in millions of Rupiah.55 13. 297 .487. 2010. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2015 November 25.200 3.100.18 November 15.000 375.15 13. 2011 April 25.139 1. Government Recapitalization Bonds sold under agreements December 31.40 SBI 3 months SBI 3 months SBI 3 months SBI 3 months SBI 3 months SBI 3 months SBI 3 months SBI 3 months May 15.000 250. respectively.026.000 375.000 375.000 7.45 13. 2012 1.390 109.000 500. SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 61 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.30% up to 111. 2015 October 25. GOVERNMENT RECAPITALIZATION BONDS (continued) b) By Classification and Type: Annual Interest Rate (%) Maturity Date Fair Value/Acquisition Cost 2010 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS Series Fair value through profit or loss FR0010 FR0017 13.087.37% as of December 31.647. 2011 January 15.074 Available-for-sale FR0014 FR0016 FR0017 FR0018 15.000.15 March 15. 2010 and 2009. 2019 July 25.000 1.000 250.100.net” in the consolidated statement of income.027.000 375.000.000 250.000 8.626. 2020 4.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.58 13.000 375. unless otherwise stated) 9.000 1.

620 252. SUBSIDIARIES Starting January 1.688 503. 2010 231.000 2009 124. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. which was recorded under “Unrealized gain in the value of securities and Government Recapitalization Bonds . FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 62 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.922 68.662 (108) (138) (529) (775) 200.000 115.000 80. 2011 110. 2010 January 12.511 124. 2010 and 2009 (Expressed in millions of Rupiah. 10.381 CORPORATE SOCIAL RESPONSIBILITY Terms PT Bank Pan Indonesia Tbk Government Bonds Series FR0044 Series FR0044 Series FR0040 Resale Date Nominal Amount Resale Price Unrealized Interest Income Net Value 14 days 15 days 15 days January 4. 298 . 2011 January 14. 2010.217 504. 2010 January 12.275 for the year ended December 31.887 . SECURITIES PURCHASED WITH AGREEMENTS TO RESELL Securities purchased with agreements to resell as of December 31. unless otherwise stated) 9.381 - 124.000 255.250 501.250 501. 2009.523 235. Information with respect to classification of not impaired and impaired financial assets is disclosed in Note 37.net” in the consolidated statements of income.000 566.385 234.511 124. GOVERNMENT RECAPITALIZATION BONDS (continued) c) Other Significant Information (continued): BRI recognized net unrealized gain in the value of Government Recapitalization Bonds classified under fair value through profit or loss amounting to Rp5.000 488.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 2010 and 2009 consist of: 2010 Terms PT Bank Pan Indonesia Tbk Government Bonds Series FR0031 Series FR0040 Series FR0045 Resale Date Nominal Amount Resale Price Unrealized Interest Income Net Value CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 29 days 29 days 29 days January 14.620 252. BRI assessed securities purchased with agreement to resell individually based on whether an objective evidence of impairment exist.000 200.814 68.000 263. 2011 January 14.

000.50% July 21.000 40.000 50.000 20.000 30. 2010 September 21.000 25. 2011 September 7.000 40. 2008 July 6.50% November 12.000 Annual Interest Rate Received LIBOR + 0.80% LIBOR**) + 0.472 a. 2011 October 13.870 2009 Transaction Cross currency and interest rate swaps Perfomance swap Credit linked notes (Note 7) Total Less: Allowance for impairment losses Derivatives receivable 141.000.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.40% FINANCIAL REPORT FINANCIAL STATEMENTS SBI*) + 0. 2008 April 19.1. 2010 SUBSIDIARIES Certificates of Bank Indonesia 3 (three) months.10% LIBOR**) + 0. 2011 July 21. 2010 LIBOR**) + 1.000. 2008 SBI*) . 2010 June 19.50% LIBOR**) + 1. 2011 November 14.000 25.000.40% December 9.95% October 13.449) 143.000.25% **) LIBOR + 0. 2011 August 12. 2010 BRI 2011 LIBOR**) + 0.722 3. 2010 and 2009 are as follows: 2010 Counterparties The Royal Bank of Scotland The Royal Bank of Scotland DBS Bank DBS Bank Standard Chartered Bank Standard Chartered Bank Standard Chartered Bank The Hongkong and Shanghai Banking Corporation Limited *) **) Notional Amount (US$) 50.000.80% June 19.50% 11% LIBOR**) + 0. US$ LIBOR 3 (three) months. 2010 LIBOR**) + 0.673 72. Cross currency and interest rate swaps BRI’s cross currency and interest rate swaps contracts as of December 31.000 100. ***) US$ LIBOR 6 (six) months.40% LIBOR**) + 0. 2010 June 9.10% June 9. 2007 June 19. 2010 5. 63 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.40% LIBOR**) + 1. **) US$ LIBOR 3 (three) months. 2009 Counterparties The Royal Bank of Scotland DBS Bank Standard Chartered Bank Standard Chartered Bank Standard Chartered Bank The Hongkong and Shanghai Banking Corporation Limited Notional Amount (US$) 25. 2011 5.302 CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY Date Paid Effective Maturity December 9. 2011 June 9.05% LIBOR**) + 1.854 277. 2011 June 23. 2010 SBI*) September 7.50% SBI*) + 0.000.000.10% *) Certificates of Bank Indonesia 3 (three) months.654 5.000 Annual Interest Rate Received *) SBI + 0. 2011 July 6.302 277.05% SBI*) + 0.000.448 271. 2011 June 19.000 25.10% 11% Date Paid Effective August 10.25% LIBOR**) + 0. 2007 Maturity September 20.000 100.18% August 12. 299 . PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2007 June 9.921 (1.10% SBI*) + 0.000. 2010 SBI*) + 1.801 Derivatives payable 5.000 25.840 3.000 100.179 3.000.05% SBI*) + 0. DERIVATIVES RECEIVABLE AND PAYABLE The summary of the derivative transactions are as follows: 2010 Transaction Cross currency and interest rate swaps Purchase and sale of foreign currency spot Foreign currency swaps Credit linked notes (Note 7) Derivatives receivable 78.000. 2008 *) SBI + 1. 2010 and 2009 (Expressed in millions of Rupiah. 2007 July 5.742 144.75% LIBOR***) + 0. unless otherwise stated) 11.50% **) COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS Derivatives payable 5.288 81.000.000.494 87.

10% margin and pays interest at US$ LIBOR 3 (three) months + 0.000 Annual Interest Rate Received LIBOR *) CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS Date Paid Effective March 13.10% LIBOR + 0.251.000. 2008 Maturity December 27. BRI/counterparties receives funds in US$/Rupiah (equivalent US$ at the last date of contract period) and pays interest rate of US$ LIBOR 3 (three) months and 6 (six) months + certain margin per annum or the rate of Certificates of Bank Indonesia 3 (three) months + certain margin per annum.000.983 and Rp1. Cross currency and interest rate swaps (continued) Based on these contracts. 64 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.000 and US$134.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.400 (full Rupiah). 2009. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. BRI has outstanding foreign currency swaps contract in United States Dollar (US$) with notional amount of US$11. BRI has outstanding foreign currency spot contracts purchase and sale in United States Dollar (US$) with notional amounts of US$207. 55 (Revised 2006) (Note 39) Provision during the year (Note 32) Ending balance 1.859. 2009 as follow: Counterparties Notional Amount (US$) 80. All derivatives receivable as of December 31. b. 2009 were classified as “Current” based on Bank Indonesia’s collectability classification. Foreign currency swaps As of December 31. Movements of the allowance for impairment losses on derivatives receivable: SUBSIDIARIES 2010 Beginning balance Adjustment on the beginning balance due to the implementation of SFAS No.60% + Fx Performance Rate *) Based on the above contract. 2010 were not impaired and all derivatives receivable as of December 31. respectively and contractual amounts of Rp1. 2010 CORPORATE SOCIAL RESPONSIBILITY Standard Chartered Bank *) US$ LIBOR 3 (three) months. 2010 and 2009 (Expressed in millions of Rupiah. with the purchased contractual amount of Rp99. Fx Performance Rate is the comparison between Rupiah exchange rate to US$ as compared with Rp10.449) - 2009 1.000. BRI receives interest at US$ LIBOR 3 (three) months + 1. 2010.449 as of December 31.449 BRI 2011 FINANCIAL STATEMENTS FINANCIAL REPORT The minimum allowance for impairment losses on derivatives receivable that should be provided based on Bank Indonesia regulation amounted to Rp1.000. d.000.000.449 (1. 300 . DERIVATIVES RECEIVABLE AND PAYABLE (continued) a.purchase and sale As of December 31. Performance swap BRI has performance swap contract as of December 31.204.60% margin and foreign exchange performance rate (Fx Performance Rate).380 and sold contractual amount of Rp102. unless otherwise stated) 11. Foreign currency spots . 2010.449 1.489. + 1. c.

988.394 (11.596. Rp3. Information with respect to classification of not impaired and impaired financial assets is disclosed in Note 37.933.536 4.247.125.638 192.279.454) 232.371.161 399.504.510 in Japanese Yen.077 SUBSIDIARIES Total Less: Allowance for impairment losses 246.080 4.150 in United States Dollars. Rp21.467 7.175 54.972.075.196 and Rp12.994 14.784 BRI 2011 Details of loans in foreign currencies as of December 31.207 50.727 205.510 in European Euro.678.522.602.641 70.004.741.620.596 400.883.242.868.070 13.391 205.997.450 7.503 Foreign currency Employees 481 460. 301 .439. unless otherwise stated) 11.022. 2010 and 2009 are Rp15.003 CORPORATE SOCIAL RESPONSIBILITY Related parties Rupiah Working capital Employees Investment 366.745 15.037.276 CORPORATE GOVERNANCE Foreign currencies Working capital Investment Syndicated 11.810 5.486 165.262 230. FINANCIAL REPORT FINANCIAL STATEMENTS 65 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.161 10.999 41. DERIVATIVES RECEIVABLE AND PAYABLE (continued) Management believes that the allowance for impairment losses on derivatives receivable is adequate. 12.648 743 485.222 138. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. respectively.436.652 15.014.302 87.991.300 in Singapore Dollars.971 459.323 5.607 and Rp18.581. LOANS a) By Currency and Type: 2010 Third parties Rupiah Kupedes Working capital Consumer Investment Program Syndicated Others 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 75.986 246.891) 194.178 14.970 484.964.238 (13.684 68.389 74.638.096.032 and Rp4.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. Rp632 and Rp nil in Great Britain Pound Sterling and Rp nil and Rp4. 2010 and 2009 (Expressed in millions of Rupiah.171 2.

warehousing and communications Social services Mining Others 2010 2009 MANAGEMENT DISCUSSION AND ANALYSIS 82. 2010 and 2009 (Expressed in millions of Rupiah.503 SUBSIDIARIES Foreign currency Others Total Less: Allowance for impairment losses 481 460.671 4. warehousing and communications Agriculture Electricity.190 1. 302 .279.161 Related parties Rupiah Business services Trading.504.773 906.212 15.037.560 10.236 726.077 246.994 484.290. hotels and restaurants Mining Manufacturing Transportation.933 87.340 9.643 919.276 3.595 5.548.986 246.973.323 459.868 4.972.560.392 647.435 4.691 1.675.391 205.069.723 899.466.656 508.003 CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY Foreign currencies Trading.934 1.850 1. gas and water Transportation.862 17.603 2. LOANS (continued) b) By Economic Sector: Third parties Rupiah Trading. gas and water Construction Business services Social services Others 5.055 192. hotels and restaurants Agriculture Business services Manufacturing Construction Electricity.654 68.238 (13.157 10.629 553.932 230.187 12.948.964.754.591.024 3.423 3.788.175 71.454) 232.843 64.079 2.596 415.648 743 485.869 13.681 1.433.039 14.022.354.343.057. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.975.522.991.540 6.205 10.033.591. hotels and restaurants Others 362.014.896 326.587 14.273.428 99.883.165 181.313 92.057.733.891) 194.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.727 205.218 728.394 (11.195.544.840.765. unless otherwise stated) 12.242.784 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 66 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.620.165.

991 1.759.800 1.025.106 991.891) 194.459 62.898 17.382. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.807.429.5 years > 5 years 1.969. unless otherwise stated) 12.1 year > 1 year .3 months > 3 months .783 1.391 205.694 9. 303 .175 9.276 5.745.991.793 15.596 194.989 28.128.344 666.182 192.549.014.811.648 743 743 Foreign currencies > 2 years .503 Total Less: Allowance for impairment losses 246.455 46.003 CORPORATE GOVERNANCE Foreign currencies ≤ 1 month > 1 month .522.784 BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 67 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.504.873 27.161 CORPORATE SOCIAL RESPONSIBILITY Related parties Rupiah ≤ 1 month > 3 months .930.725.964.2 years > 2 years .454) 232. LOANS (continued) c) By Period: The classification of loans based on the remaining period until maturity is as follows: 2010 Third parties Rupiah ≤ 1 month > 1 month .208 192.5 years > 5 years 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 12.1 year > 1 year .346 15.193 3.033 1.279.889 230.2 years > 2 years .FOREWORD These consolidated financial statements are originally issued in the Indonesian language.3 months > 3 months .2 years > 2 years .019 459.620.637 85.957.445 325.466.190 40.5 years 481 481 460.859.994 484.238 (13.883.050 56.930.976 4. 2010 and 2009 (Expressed in millions of Rupiah.077 SUBSIDIARIES 485.727 205.454.022.424 54.029.025.483 68.986 246.954 13.668 175.394 (11.242.1 year > 1 year .295 5.5 years > 5 years 187.972.235 44.280.037.424 34.578 1.288.

503 CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 2) The loans are generally collateralized by registered mortgages.88 2009 187.022 225. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES 68 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 3) Working capital and investment loans represent loans to customers for capital goods and working capital requirements.422 1.631 246. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.238 (13. LOANS (continued) d) By Collectability : 2010 Individual Collective Current Special mention Substandard Doubtful Loss Total Less: Allowance for impairment losses 5.018. respectively. The target of these loans is micro business and fixed income employees that require additional funds.77% 4.011. unless otherwise stated) 12. 304 .631.891) 194. 4) Consumer loans consist of housing.66 22.447.94% as of December 31.547.235 1.98% 3. motor vehicles and other personal loans. middle and cooperative units and to finance the procurement of food supply by the National Logistics Agency (BULOG).394 (11.972. time deposits or by other guarantees generally accepted by banks (Notes 18 and 20).938.242.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. The economic sectors covered under Kupedes include agriculture.964.991.541 11.906 205. manufacturing. by powers of attorneys to sell. trading and others.332 3.910 1.454) 232. 2010 and 2009 (Expressed in millions of Rupiah. 5) Program loans represent loan facilities channeled by BRI based on the guidelines from the Government to support the development of Indonesia’s small scale industry.522.76% 6. demand deposits. in accordance with the maximum limit amount stated in the Kupedes manual.075. 2010 and 2009. 7) The syndicated loans represent loans provided to customers under syndication agreements with other banks.784 e) Other Significant Information: 1) Average annual interest rates for loans are as follows: 2010 Contractual Rate Rupiah Foreign Currency Effective Interest Rate Rupiah Foreign Currency 15.215.499 11.044.965 894.94% and from 12.23% up to 74.661. BRI’s participation as member in the syndicated loans ranged from 12.44% up to 74.279.169 3. 6) Kupedes loans represent credit facilities channeled by BRI through BRI’s Units.51 2009 16.

gas and water 69 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.533 CORPORATE SOCIAL RESPONSIBILITY The terms of restructuring are generally the extension of payment period.528 3.680 1.428.84%.416.139 603.00% .432 20. warehousing and communications Mining Electricity.466 362. SUBSIDIARIES 4. 2010 amounted to Rp757. hotel and restaurant Manufacturing Construction Agriculture Business services Social services Transportation. Difference between employee loan’s interest rates and Base Lending Rate (BLR) is deferred and recorded as deferred expense for employee loans as part of other assets. other than loans to employees (Note 43) are as follows: 2010 PT Bringin Srikandi Finance PT Bringin Indotama Sejahtera Finance PT Bringin Karya Sejahtera PT Bringin Gigantara 187.00% .596 368. Deferred expense for employee loans as of January 1.218 158.5% per annum were intended for the acquisition of vehicles. unless otherwise stated) 12.299. The loan principal and interest payments were collected through monthly payroll deductions.652 5.003 716.00% . 2010 (beginning balance) amounted to Rp696. The loan granted by BRI to related parties classified as “Current” as of December 31.50% for the year 2010 and 12.472. 10) Loans that have been restructured by BRI (Parent Company) in 2010 and 2009. 11) In its report on Legal Lending Limit (LLL) to Bank Indonesia as of December 31.273 2009 194. LOANS (continued) e) Other Significant Information (continued): 8) Loans to employees which carry interest rate of 5. BRI indicated that there is no debtor either related party or third party who has not complied with or exceeded the LLL.13.619 305 BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS .608 (Note 16).131 343. and are still in the process of restructuring as of December 31.595 and as of December 31.12.668 1. 2010 and 2009.372 9. houses and other necessities with 4 years to 20 years maturity.256 1.401. 2010 and 2009 (Expressed in millions of Rupiah.912 94.279 17. 2010 and 2009.101 16.753 624.037 738.940 559. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.654 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE The contractual interest rate of loans granted by BRI to related parties is between 10.50% for the year 2009.034.171 2009 2.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.971 372.623 25.483 415.182 192. 12) The details of non-performing loans and allowance for impairment losses by economic sector are as follows: 2009 2010 Trading.989 28. 2010 and 2009 are as follows (unaudited): 2010 Restructured during the year In the process of restructuring 1.13.364. 9) The loans granted by BRI to related parties.854 276.668 229. While effective interest rate for the year 2010 is between 10.

52% as of December 31.104) (258.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 2010 and 2009 (Expressed in millions of Rupiah.968.964.903.940 775. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.891. unless otherwise stated) 12. Management believes that the allowance for impairment losses on loans is adequate.123 9.527) 2. 2010 and 2009.236) 2.109 as of December 31.743.279.551 784.266) 7. respectively. respectively.150 (2.891 CORPORATE SOCIAL RESPONSIBILITY BRI’s allowance for impairment losses balance includes the allowance for disaster prone areas amounting to Rp3.140 5. Information with respect to classification of not impaired and impaired financial assets is disclosed in Note 37.78% and 3. LOANS (continued) e) Other Significant Information (continued): 12) The details of non-performing loans and allowance for impairment losses by economic sector are as follows (continued): 2010 2009 Others Total Less: Allowance for impairment losses 1.468 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES 70 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.879. respectively (Notes 2f and 37).958 7. 13.322.646.099.535. ACCEPTANCES RECEIVABLE AND PAYABLE The details of acceptances receivable from customers are as follows: a) By Type and Currency: Rupiah Domestic Document Letters of Credit 2010 2009 24.55 (Revised 2006) (Note 39) Provision during the year (Note 32) Recoveries Loans written off during the year Foreign currency translation Ending balance 11.377.991.913 as of December 31.231.344.279. based on Bank Indonesia regulation.660 (4.092 (4.081) (186.182) 13. 306 . 2010 and 2009. 13) Movements of the allowance for impairment losses on loans: 2010 Beginning balance Adjustment on the beginning balance due to The implementation of SFAS No.646 and Rp7.534.891 (17. 2010 and 2009. is 2.235) 11.506.584 and Rp1.454 2009 7.787 (7.696. The minimum allowance for impairment losses on loans that should be provided based on Bank Indonesia regulation (Note 2f) amounted to Rp7.133 MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE The ratio of gross non-performing loans (gross NPL ratio) of BRI (Parent Company) to total loans.

833.878 (6.716 (4.209 224.1 year Total Less: Allowance for impairment losses 269.214 CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES d) Movements of the allowance for Impairment Losses on Acceptances Receivable is as follows: 2010 Beginning balance Provision (reversal) during the year (Note 32) Ending Balance 4.598 294.175 35.926. respectively.088 767 46. unless otherwise stated) 13.957 and Rp1. 2009.428 352.669 2009 4.878 (6.343 9.716 (4.502) 348. while as of December 31. Rp17.502) 348.669) 660.214 CORPORATE GOVERNANCE Acceptances payable represent the same amount as acceptances receivable from customers (before allowance for impairment losses). 2010.669) 660.3 months > 3 months .502 2. ACCEPTANCES RECEIVABLE AND PAYABLE (continued) a) By Type and Currency (continued): Foreign Currencies Import Letters of Credit and Domestic Document Letters of Credit United States Dollar European Euro Singapore Dollar Hong Kong Dollar Australian Dollar Total Less: Allowance for impairment losses 2010 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 631.839 (337) 4. all acceptances receivable are classified as “Current”. 2010 and 2009 (Expressed in millions of Rupiah.132 103.792 47. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.090 613 666.349 85.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.248 352. ”Special mention” and ”Loss” amounted to Rp332.258 328.878 666.209 2009 213. b) By Collectability : As of December 31.939 53. acceptances receivable classified as ”Current”.167 6.502 BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 71 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.148 666. c) By Period: The classification of acceptances receivable based on the remaining period until maturity is as follows: 2010 ≤ 1 month > 1 month . 307 .

00% 24.00 2.750 109.888) 133.502 as of December 31. ACCEPTANCES RECEIVABLE AND PAYABLE (continued) d) Movements of Allowance for Impairment Losses on Acceptances Receivable is as follows (continued): The minimum allowance for impairment losses on acceptances receivable that should be provided based on Bank Indonesia regulation amounted to Rp6. 308 .727 111.130 Central securities depository institution Investment Credit rating 3.00% 24. respectively.776 (1. 14. INVESTMENT IN SHARES OF STOCKS The details of investment in shares of stocks are as follows: 2010 Accumulated Equity in Net Earnings of Associate Company CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS Company Name Related parties Equity Method PT BTMU-BRI Finance Third parties Cost Method PT Kustodian Sentral Efek Indonesia PT Sarana Bersama Pembiayaan Indonesia PT Pemeringkat Efek Indonesia Type of Business Percentage of Ownership Cost Carrying Value CORPORATE SOCIAL RESPONSIBILITY Financing 45. 2010 and 2009. Information with respect to classification of not impaired and impaired financial assets is disclosed in Note 37.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. Management believes that the allowance for impairment losses on acceptances receivable is adequate. 2010 and 2009 (Expressed in millions of Rupiah.380 134.00 8.10 900 536 210 1.888 Total Less: Allowance for impairment losses SUBSIDIARIES 2009 Accumulated Equity in Net Earnings of Associate Company Company Name BRI 2011 Type of Business Percentage of Ownership Cost Carrying Value Related parties Equity Method PT BTMU-BRI Finance Third parties Cost Method PT Kustodian Sentral Efek Indonesia Financing 45.477 FINANCIAL STATEMENTS FINANCIAL REPORT Central securities depository institution 3.750 86.646 135. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. unless otherwise stated) 13.669 and Rp4.00 900 72 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

BRI received cash dividends from PT Pemeringkat Efek Indonesia amounting to Rp147 and Rp24. except for investment in shares of stock of PT Sarana Bersama Pembiayaan Indonesia which were classified as “Loss”.662 226 1. from the distribution of income at the end of year 2009 and 2008. SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 73 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.888 2009 1. respectively. all investments are classified as “Current”. 2010 and 2009 (Expressed in millions of Rupiah.443 219 1.888 and Rp1. Management believes that the allowance for impairment losses on investment in shares of stocks is adequate.662 CORPORATE SOCIAL RESPONSIBILITY The minimum allowance for impairment losses on investment in shares of stocks that should be provided based on Bank Indonesia regulation amounted to Rp1. unless otherwise stated) 14.662 as of December 31. Movements of the allowance for impairment losses on investment in shares of stocks is as follows: 2010 Beginning balance Provision during the year (Note 32) Ending balance 1. 309 . 2010 and 2009.662) 111.00 2. INVESTMENT IN SHARES OF STOCKS (continued) 2009 Accumulated Equity in Net Earnings of Associate Company COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS Company Name Third parties (continued) Cost Method (continued) PT Sarana Bersama Pembiayaan Indonesia PT Pemeringkat Efek Indonesia Type of Business Percentage of Ownership Cost Carrying Value Investment Credit rating 8.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.10 536 210 1. In 2010 and 2009. respectively.646 113.123 (1.461 Total Less: Allowance for impairment losses CORPORATE GOVERNANCE As of December 31. 2010 and 2009. Information with respect to classification of not impaired and impaired financial assets is disclosed in Note 37.

566.275 43.857 217.941.952 511.252 2.749 550.945.215 93.542 1.633 1.270 2.998.836.159 21.082 142.977 151.282 439.252 2.058 597.428 179.404.906 4.339 1.918 500.941.159. 2010 and 2009 (Expressed in millions of Rupiah.400 2.568.952 51.835.813 536.143 58.614 57.945.983 3.158 753.448 51.260 2.748 541.877.907 244.289.349.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.575.789 3.860 184 4.860 184 4.366. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.138 664.528 302.536 28.765 154.578.954 22.109 2.912 511.212 67.242 771 5.068 1.700 503.345 634.596.296 772 3.802 97.173 4.194 30.008 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 74 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.617 24.025.789 3.782 9.550 7.655.788 62.908 486.458 736.446 46.047 1.211.793 184 4.912 60 600 14.919 1.049 15.238 3.813 536.138 664.400 49.591 231.349 45.813 2.459 2.592 138 302.219 4.796 1. 310 .621 14.491 3.013 CORPORATE GOVERNANCE 669.478 6.349. unless otherwise stated) 15. PREMISES AND EQUIPMENT Premises and equipment consist of: 2010 Description Carrying Value Direct Ownership Landrights Buildings Motor vehicles Computers and machineries Furniture and fixtures Museum assets Assets under finance leases Total Carrying Value Accumulated Depreciation Direct Ownership Buildings Motor vehicles Computers and machineries Furniture and fixtures Assets under finance leases Beginning Balance Additions Deductions Ending Balance MANAGEMENT DISCUSSION AND ANALYSIS 231.008 12.412 184 5.290 441.159.945 CORPORATE SOCIAL RESPONSIBILITY Total Accumulated Depreciation Net book value 2009 Description Carrying Value Direct Ownership Landrights Buildings Motor vehicles Computers and machineries Furniture and fixtures Museum assets Assets under finance leases Total Carrying Value Beginning Balance Additions Deductions Ending Balance SUBSIDIARIES 223.516 50.542 1.082 142.219 4.405.730 402 13.

683 5.149 669.064 13.703 171.483 59.250. respectively (Note 34).748 541.550 425.983 3. 16.796 1.513.967 1.108 39.575.434 1.459 3.452. 2010 and 2009.730.608 575.699 194.507 1. OTHER ASSETS Other assets consist of: 2010 Rupiah Deferred expense for employee loans (Note 12e) Interests receivable Government Recapitalization Bonds Securities Placements with Bank Indonesia and other banks Loans Prepaid expenses Office supplies Repossessed assets Others 757.639 15.024 2.727.042 45.919 1.124 3.356 84.837 311 FINANCIAL REPORT FINANCIAL STATEMENTS . BRI has insured its premises and equipment (excluding landrights) for impairment losses due to risks of fire and theft by PT Asuransi Bringin Sejahtera Arthamakmur (Subsidiary of Dana Pensiun BRI) with coverage amount of Rp7. 2010 and 2009 (Expressed in millions of Rupiah.566 1.877. Management believes that there is no impairment in the value of premises and equipment as of December 31.221 4. unless otherwise stated) 15.861 133. 2010 and 2009.442 54.720 407.238 3.203 405.392 614. CORPORATE SOCIAL RESPONSIBILITY 2009 597.424 80.544. respectively.212 CORPORATE GOVERNANCE Depreciation charged to current operations which is reported in the consolidated statements of income amounted to Rp302.179 170.066.195 493.806.530 6.813 2.124 13. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.025 36.288 52.849 196.908 486.112 1.290 2.698 17.681 for the years ended December 31.575 104.307 and Rp7.610.251 65.304.578.350.730 and Rp407.988 Foreign currencies Interest receivables Securities Loans Others Prepaid expenses 75 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.732 44.366.379 4. PREMISES AND EQUIPMENT (continued) 2009 Description Accumulated Depreciation Direct Ownership Buildings Motor vehicles Computers and machineries Furniture and fixtures Assets under finance leases Total Accumulated Depreciation Net book value Beginning Balance Additions Deductions Ending Balance COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 614.080 1.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.659 1.116 SUBSIDIARIES BRI 2011 43.676 415.646 1.379 for the years ended December 31. 2010 and 2009.

083.701 FINANCIAL STATEMENTS FINANCIAL REPORT 76 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. allowance for possible losses on actual cases.779 2009 118.610.203 86. 312 .533 5. repossessed assets and abandoned property.921 (203.639 18.736 4.194 37.058.421 MANAGEMENT DISCUSSION AND ANALYSIS The allowance for impairment losses mainly represents allowance for suspense accounts in branches.573 4.595 184.228) 5.171 15.649 (559. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.387 58.232 BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE Demand deposits consist of: 2010 Third parties Rupiah 70.977 4.826 58. unless otherwise stated) 16.364 2.912 292.896.142) 4.347 2.659 370 86.794.123.246.346. DEMAND DEPOSITS 2009 527.333.880.784 121.482 276.402 157. Management believes that the allowance for impairment losses on other assets is adequate. other receivables from third parties. 2010 and 2009 (Expressed in millions of Rupiah.199 16.124. LIABILITIES DUE IMMEDIATELY Liabilities due immediately consist of: 2010 Rupiah Advance payment deposits Credit card deposits Insurance deposits Tax payment deposits Remittance deposits Deposits for channeling loans Bank drafts and BRI travelers’ checks (Cepebri) Deposits for clearing Others 692. 17.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.391 267.168 39.278 Foreign currencies Remittance deposits Others 347 65.933 Total Less: Allowance for impairment losses 5.895 161.316 57.235.768 126.701 2009 41.100 167. OTHER ASSETS (continued) 2010 Foreign currencies (continued) Others 216.361 4.014 65.

913 49.292.048.649 and Rp3.687 38.197.271.609 and Rp194.723 and Rp70. respectively.404.348. Demand deposits used as collateral for banking facilities granted by BRI amounted to Rp3.042.383 64. 77 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Rp45.88% 0. 313 . respectively. DEMAND DEPOSITS (continued) 2010 Third parties (continued) Foreign currencies 6.612. 2010 and 2009.683 in Japanese Yen.163 and Rp5.921 in Great Britain Pound Sterling.917. SAVINGS DEPOSITS Savings deposits consist of: 2010 Third parties Rupiah Simpedes Britama Others Related parties Rupiah Britama 2009 CORPORATE SOCIAL RESPONSIBILITY 76. 2010 and 2009 amounted Rp6.867 as of December 31.959. 19.43 2009 3.41% for the years ended December 31.400 77.135 125.198 and Rp33.718 125.302 49. 2010 and 2009 (Expressed in millions of Rupiah.145.241 6. 2010 and 2009.535 47.613.518 50.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.068.266 104. Rp52.570 in European Euro.469 SUBSIDIARIES 52.697 Average annual interest rates for demand deposits are as follows: 2010 Rupiah Foreign currencies 3.735 BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS The average annual interest rates for savings deposits are 2. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.701 5. Rp402.385 in Singapore Dollars and Rp 6.749 in Hong Kong Dollars.095 1.687 104.614 2. unless otherwise stated) 18.276 and Rp14. Rp27.255.60% 0. Rp38.73 2009 8.159 3.392.219 and Rp8.596 77.297 Related parties Rupiah Foreign currencies 3.964.276.118.46% and 2.230 and Rp11.984 in Australian Dollar.916 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE The details of demand deposits in foreign currencies on December 31.322 in United States Dollars. respectively.601 2.130 1.

966 482.525 100.800 2.712.784.933 182.462 25.703 22.333 3.257 10.029 3. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.922.324 125.382.272 3.934.676 7.933.393.485.309.352 2. TIME DEPOSITS Time deposits consist of: 2010 Third parties Rupiah Foreign currencies Related parties Rupiah Foreign currencies 103.187 37.676 82.600 43.058. 2010 and 2009 (Expressed in millions of Rupiah.347 1.910 126.784.983.034.240.453 103.894.600 78 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.516 3.173.914 11.352 22.842.324 125.105.842.820 614.636 3. unless otherwise stated) 20.485.436 11.575 99.299 CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 13.980 99.496 24.944 2.128 407.774 188.004 22.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.788 191.642.893.929 49.216 212.902.586 Time deposits based on their contract periods are as follows: 2010 Third parties Rupiah Deposits on call Deposits 1 month 3 months 6 months 12 months More than 12 months Foreign currencies Deposits on call Deposits 1 month 3 months 6 months 12 months More than 12 months 2009 2009 82.727 17.905 1.826.366 1.737 2.341.826.242 11.244.774 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY FINANCIAL STATEMENTS FINANCIAL REPORT Related parties Rupiah Deposits on call Deposits 1 month 3 months BRI 2011 50.676 479. 314 .052.803 155.058.314.341.199 1.575 99.199 17.774.

41 2009 9.699 and Rp421. 315 .737 2. 2010 and 2009 amounted to Rp22.510 2. 2010 and 2009.900 800 479.263 7.933 and Rp85. respectively. Rp227.578. Time deposits used as collateral for banking facilities granted by BRI amounted to Rp108. unless otherwise stated) 20. respectively.910 126.196 770 2.525 100.944 19.190 2.861 800 188.780 285.117 in United States Dollar.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.929.131 and Rp16. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2010 and 2009 (Expressed in millions of Rupiah.90 CORPORATE SOCIAL RESPONSIBILITY The details of time deposits in foreign currencies at December 31.034.259.246 in European Euro and Rp1.343. DEPOSITS FROM OTHER BANKS AND FINANCIAL INSTITUTIONS Deposits from other banks and financial institutions consist of: 2010 Third parties Rupiah Demand deposits Savings deposits Deposits on call Time deposits Inter-bank call money 2009 SUBSIDIARIES 80.000 975.595.277 6.586 2.500 1.309.475.640.71% 3.416 as of December 31.966 482.299 CORPORATE GOVERNANCE Average annual interest rates for time deposits are as follows: 2010 Rupiah Foreign currencies 7.851 BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 79 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.604 3.000 4.460 and RpNil in Singapore Dollar.180 608 2.00% 2.179 67. TIME DEPOSITS (continued) 2010 Related parties (continued) Rupiah (continued) Deposits (continued) 6 months 12 months Foreign currencies Deposits 1 month 3 months 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 17.788 191. 21.906 465.

578.19 2009 1.1 year Total Third Parties Rupiah Demand deposits Savings deposits Deposits on call Time deposits Inter-bank call money 80.160.24% 0.613 and Rp10.99 6.98 7. Average annual interest rates for deposits from other banks and financial institutions are as follows: Rupiah 2010 Demand deposits Savings deposits Deposits on call Time deposits Inter-bank call money 2.02 % 2. respectively as of December 31.20 Foreign Currency 2010 0.907 MANAGEMENT DISCUSSION AND ANALYSIS In the deposits from other banks and financial institutions.500 1.70% 2.000.343.315 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 80 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.60 2. Rp903.315 2009 3.468.600 685.263 7. there are demand deposits.95 2.000.263 7.790 465.750 520.3 months > 3 months .000 4.179 SUBSIDIARIES Foreign Currencies Demand deposits Time deposits Inter-bank call money 168 144. 2009. DEPOSITS FROM OTHER BANKS AND FINANCIAL INSTITUTIONS (continued) 2010 Foreign currencies Demand deposits Time deposits Inter-bank call money 168 144.22 6.136 5.160.056 4.93 6.449. respectively as of December 31.136 5. time deposits and inter-bank call money based on sharia banking principles amounting to Rp4. Rp3.000 4.199 116 - 168 144.15% 3.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.356 and Rp40.368 540.500 1. 2010 and 2009 (Expressed in millions of Rupiah.24 2009 0.160. 316 .136 5.600 685. savings deposits. Rp337.343.063 116 116 - 80.05 CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE The classification by period of deposits from other banks and financial institutions based on their remaining period until maturity are as follows: 2010 ≤ 1 month > 1 .163. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.49 6. unless otherwise stated) 21.510 2. 2010 and Rp1.535.510 2.600 685.475.475.578.906 465.331 46.49 6.368 540.975 469. Rp666.368 540.

2011 September 29. unless otherwise stated) 21. 2011 100. PLC Government Bond Series RI0014 Series RI0015 Series RI0016 Series RI0017 Series RI0018 Series RI0035 Series RI0037 Series RI0038 Terms Repurchase Date Nominal Amount Repurchase Price Unamortized Interest CORPORATE SOCIAL RESPONSIBILITY Net Value 94 days January 17.365 SUBSIDIARIES 2009 Type of securities Rupiah Deutsche Bank.547 27.000 947.301 21.421.181 35.604 3. 2011 September 29.750 520.181 35. 2011 September 29.595.110 27.205 1.030 45.365 - 162.000 975.155 27.752 FINANCIAL REPORT FINANCIAL STATEMENTS 81 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.277 6.205 67.181 35. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.030 45.056 4.600 640.155 1.613 526.190 2. 2011 207.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.385 49. SECURITIES SOLD WITH AGREEMENTS TO REPURCHASE Securities sold with agreements to repurchase consist of: 2010 Type of securities Rupiah Deutsche Bank.422 21.180 423.780 285.975 469.449.613 526. DEPOSITS FROM OTHER BANKS AND FINANCIAL INSTITUTIONS (continued) 2009 ≤ 1 month > 1 .246 (494) 102.929.180 423.050 27.050 99.600 162. 2010 100.385 49.181 35. 2010 and 2009 (Expressed in millions of Rupiah. 317 .851 3.595.000 102.901.662 21.975 469. AG Government Recapitalization Bond Series FR0017 Terms Repurchase Date Nominal Amount Repurchase Price Unamortized Interest Net Value BRI 2011 92 days January 15.277 6.752 730 days 730 days 730 days 730 days 730 days 730 days 730 days 730 days September 29.3 months > 3 months . AG Government Recapitalization Bond Series FR0017 Foreign Currencies Barclays Bank.752 - 102.907 CORPORATE GOVERNANCE 22.662 21. 2011 September 29. 2011 September 29.331 46.491 3. 2011 September 29. 2011 September 29.030 540.331 46.301 77.422 21.301 21.056 4.190 2.155 27.420 285.750 520.230 63.000 103.604 3.301 77.205 1.1 year Total COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS Third Parties Rupiah Demand deposits Savings deposits Deposits on call Time deposits Inter-bank call money Foreign Currency Demand deposits Time deposits Inter-bank call money 67.070 27.

2011 September 29.615 9.086 36.696 32. 318 .700 663.568.722) (1.702 23.703.937 106.975 28.1 year > 1 year .819 60.921 576.376 106.000 6.073 45.287 55.646 39. SECURITIES SOLD WITH AGREEMENTS TO REPURCHASE (continued) 2009 Type of securities Foreign Currencies Barclays Bank.454.209 ) (31. 2011 September 29.541 28.895 as of December 31.345 28.703 ) 169.082 67.685 13.930 9.092 12.545 3.712 544.560) (31.185 563.601) (1.601) (5.964) (3.930 9.892.185 46. 2011 September 29.615 104.464 CORPORATE GOVERNANCE 23.460. 2011 September 29. 2011 September 29.185 46. 2011 September 29. 2011 September 29.509 FINANCIAL STATEMENTS FINANCIAL REPORT 82 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.174 23.533 22.399 SUBSIDIARIES The classifications by period of fund borrowings based on their remaining period until maturity are as follows: 2010 2009 Third parties Rupiah > 1 month .147 32.net of deferred provision of Rp1.509 CORPORATE SOCIAL RESPONSIBILITY 2.890 13.700 181.813 150.646 39. unless otherwise stated) 22.085 65.092 13.975 103.167 (11.086 36.560) (2.3 months > 3 months .410 23.721 150.494 16. FUND BORROWINGS Fund borrowings consist of: Third parties Rupiah Borrowings from Bank Indonesia Liquidity loans Borrowings for investments in premises and equipment Others Foreign currencies Bilateral borrowings . 2011 216. 2010 and 2009 (Expressed in millions of Rupiah.611.323 51.809 22.980 22.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.5 years > 5 years BRI 2011 9.809 80. 2009 Others 2010 2009 62.347.765 28.641) (1. PLC Government Bond Series RI0014 Series RI0015 Series RI0016 Series RI0017 Series RI0018 Series RI0035 Series RI0037 Series RI0038 Terms Repurchase Date Nominal Amount Repurchase Price Unamortized Interest Net Value MANAGEMENT DISCUSSION AND ANALYSIS 639 days 639 days 639 days 639 days 639 days 639 days 639 days 639 days September 29.410 86.560) (2.365 19.644.205 9. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.646 472.086 441.

1 year > 1 year .073 104.541 28. 2007.5 years 9. bilateral borrowings held by BRI represent a loan facility from Standard Chartered Bank of US$80.460.1 year > 1 year . Primary Cooperatives of Sugar Cane Farmers Loans.49% for the years ended December 31.231. respectively. Permanent Working Capital Loans. This facility has been settled by BRI on December 27.696 CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY The average annual interest rates on these loans are 5. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.494 16. 319 . 2010 and 2009 (Expressed in millions of Rupiah.00% for the years ended December 31.399 Other significant information relating to fund borrowings are as follows: (a) Borrowings from Bank Indonesia (i) Liquidity Loans This account represents credit facilities obtained from Bank Indonesia that are channeled to BRI’s debtors for purposes of. unless otherwise stated) 23. Fertilizer and others. (ii) Borrowings for Investments in Premises and Equipment This account represents loans obtained for the construction of certain offices for BRI’s micro units all over Indonesia.397 4.347.157. 2010 and 2009 is as follows: 2010 > 1 month . FUND BORROWINGS (continued) Third parties (continued) Foreign currencies ≤ 1 month > 1 month . (b) Bilateral borrowings SUBSIDIARIES BRI 2011 On December 27.044 3.368.971 3. respectively. These borrowings are due in 2016.147 2009 9.307 227.890 13. The classification by period of liquidity loans from Bank Indonesia based on their remaining period until maturity as of December 31.344 1. which is paid every 3 (three) months. The average annual interest rate on these borrowings is 5. FINANCIAL REPORT FINANCIAL STATEMENTS 83 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.878 9.703. BULOG and Village Cooperative Units Loans.082 67.819 35.348 3.000.834 62.749.3 months > 3 months .5 years COMPANY PROFILE 2010 2009 MANAGEMENT DISCUSSION AND ANALYSIS 695.10% per annum.531 13.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. among others.611. 2010 and 2009. Investment Loans. 2010 and 2009.930 9.13% and 5.3 months > 3 months .454. This borrowing facility is used to finance BRI’s general activities. The annual interest rate of this facility is LIBOR plus margin of 1.675. 2010.545 5.000.

743 901.A.000.306 Other borrowings facilities represent short-term borrowings obtained from several foreign banks with terms from 1 (one) month up to 3 (three) years and bear interest rate at LIBOR or SIBOR plus a certain margin. A.612 1.000. Others 12. which is used to fulfill liquidity needs to anticipate BRI’s business expansion.930 4.800 365.000.00% margin and from Panin Bank is LIBOR plus 3. A.700 774.G. ING Belgium N.A. The Hongkong and Shanghai Banking Corporation Limited JP Morgan Chase Bank.952 144.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. N.V.073 449. 2011.406 SUBSIDIARIES 6. For the facility from Standard Chartered Bank of US$100.000.945 9.A.000 and US$70.000.857 1. Commerzbank. respectively (Note 7d).906.75% margin and the interest is paid every 3 (three) months.376 2009 13. The Bank of Nova Scotia Raiffeisen Zentralbank Osterreich.436 292.800 375. These facilities will be due and payable in one lumpsum on September 27.301 1. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 84 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.000 and US$200.A. FUND BORROWINGS (continued) (b) Bilateral borrowings (continued) On September 29.031 4.613.672 6.126 417.685 9.644. including refinancing borrowing facilities which are collateralized by letters of credit issued by BRI. Brussels Wachovia Bank. BRI gives collateral such as the Credit Linked Notes (CLN) of Standard Chartered Bank and HSBC amounting to US$90. N. BRI entered into a bilateral loan with Standard Chartered Bank and PT Bank Pan Indonesia Tbk (Panin Bank) of US$100.900 375.000. (c) Other Borrowings 2010 Rupiah Others Foreign currencies Oversea-Chinese Banking Corporation Limited The Royal Bank of Scotland Standard Chartered Bank CoBank Bank of America N.510 563. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.645 541.892.G.895 40. N.000.661.049.936 446. The annual interest rate of the facility from Standard Chartered Bank is LIBOR plus 4.657.027. unless otherwise stated) 23. 2009 and September 27.721 CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE SOCIAL RESPONSIBILITY 3. 320 . 2010.000. Sumitomo Mitsui Banking Corporation Citibank.681 488. 2010 and 2009 (Expressed in millions of Rupiah. respectively.

214 23.529) 69. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.428 264.501 2. c) The collectability of commitments and contingencies in off-balance sheet accounts (Notes 2f and 42) are as follows: 2010 Current Third parties Rupiah Guarantees issued Outstanding irrevocable L/C Special Mention Sub-standard Doubtful Loss Total SUBSIDIARIES BRI 2011 1. 2010 and 2009.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 2010 and 2009 (Expressed in millions of Rupiah.209 11.835 81.169.970 69.515 93.737 2009 18. Management believes that the allowance for estimated losses on commitments and contingencies is adequate.577 FINANCIAL REPORT FINANCIAL STATEMENTS 85 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.154.693 63.515 93.890.737 as of December 31.905.932 20. unless otherwise stated) 24.422 and Rp101.693 69.044 101.422 2009 17.044 (11.611 3.693 3.037 11.166 20.501 2.737 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY The minimum estimated losses on commitments and contingencies that should be provided based on Bank Indonesia regulation amounted to Rp93.076 264.037 - 3.907 81. ESTIMATED LOSSES ON COMMITMENTS AND CONTINGENCIES a) The details of estimated losses on commitments and contingencies which bear credit risk are as follows: 2010 Rupiah Guarantees issued Outstanding irrevocable L/C Foreign currencies Outstanding irrevocable L/C Guarantees issued 21.204 81. 321 .761 2.840 17.262 2.545 18.929 11.527 2.611 - 1.044 101.907 50.645 23.422 b) Movements of estimated losses on commitments and contingencies are as follows: 2010 Rupiah Beginning balance Provision during the year Ending Balance Foreign currencies Beginning balance Provision (reversal) during the year Ending Balance 20. respectively.

661. unless otherwise stated) 24.667.747 30.106 6.827 4.720.779 67.163.532 2.585 548.852.552 2.569 785.381 9.567 55.783 628.443 8.936 323.442 359.138 252.241 71. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.460.372.425.410 446.777 517.189 515.682 314.123.884 957.905 1.124 878.230 463.373.933 8.862 1.723 5.093.069. ESTIMATED LOSSES ON COMMITMENTS AND CONTINGENCIES (continued) c) The collectability of commitments and contingencies in off-balance sheet accounts (Notes 2f and 42) are as follows (continued): 2010 Current Third parties (continued) Foreign currencies Outstanding irrevocable L/C Guarantees issued Special Mention Sub-standard Doubtful Loss Total MANAGEMENT DISCUSSION AND ANALYSIS 4.173 13.295 6.557.257 Foreign currencies Outstanding irrevocable L/C Guarantees issued 6.510 2009 Current Third parties Rupiah Guarantees issued Outstanding irrevocable L/C Special Mention Sub-standard Doubtful Loss Total CORPORATE GOVERNANCE 1.563.896.675 885.733.347 CORPORATE SOCIAL RESPONSIBILITY 25.750 448.827 1.984 189 2.712.611 3.569 581.513.705 216.348 10.069.720. 2009 BRI 2011 2. 2010 and 2009 (Expressed in millions of Rupiah.276 6.605 - 742 742 742 - - 6.896.032 FINANCIAL STATEMENTS FINANCIAL REPORT SUBSIDIARIES 322 .257 - - - - 1.210 - 3.343.705 216.092 50.827 3.256 258.740 445.647 1.353 1.615 51.454 468.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.852. OTHER LIABILITIES Other liabilities consist of: 2010 Third parties Rupiah Bonuses and incentives Provision for pension preparation period (Note 41e) Unearned income Provision for grand leaves (Note 41e) Provision for gratuity for services (Note 41e) Provision for litigation liabilities (Note 44b) Provision for work separation scheme (Note 41d) Interests payable Provision for timely-payment of interests (Note 2w) Defined benefit pension plan (Note 41a) Guarantee deposits Others Foreign currencies Interests payable Guarantee deposits Unearned income 86 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.443 8.827 3.552 2.266 130.162.090 10.933 8.638 1.094.

687.411 9. The net proceeds from the issuance of the Subordinated Bonds I will be used to increase earning assets and at the same time to strengthen the capital structure of BRI to conform with Bank Indonesia regulation.00% of their nominal value with fixed annual interest rate of 13. The Subordinated Bonds I has been settled by BRI on January 9. payable every 3 (three) months.422 323 CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS .FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 2010.000 Bank BRI Subordinated Bonds I Year 2004 with a fixed interest rate registered at the Surabaya Stock Exchange (currently the Indonesia Stock Exchange). After the first anniversary. SUBORDINATED LOANS BRI has obtained subordinated loans in Rupiah with details as follows: 2010 Rupiah Subordinated bonds I Subordinated bonds II Two-step loans Less: Deferred issuance cost 1. through its letter No.181 a. Subordinated Bonds I On January 9.243 305. 2004.678.780 2.358) 2. The trustee of this Subordinated Bonds I is PT Bank Mandiri (Persero) Tbk. The issuance and classification of the Subordinated Bonds I as Subordinated Loans have been approved in principle by Bank Indonesia. 2003.234 162. 2014 (10 anniversary after the issuance date).50%. OTHER LIABILITIES (continued) 2010 Third parties (continued) Foreign currencies (continued) Others 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 198.766. 2010 (6 anniversary after the issuance date).716 26.000 2.156.026 201. BRI may buy back the Subordinated Bonds I partially or in full to resell in the future or for settlement considering the existing regulations.000 187. or at an earlier th date if BRI exercised a call option. 87 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.947 2. 5/84/DPWB2/PW/B24 dated August 15. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. BRI issued Rp500. 2009. 2010 and 2009 (Expressed in millions of Rupiah. As of December 31. BRI’s Subordinated Bonds I 2004 obtained ratings of “id AA+”.181 2. Indonesian Bank Restructuring Agency or its replacement. The Subordinated Bonds I are not guaranteed with specific collateral from BRI or by the Republic of Indonesia and are not included in the bank guarantee program implemented by Bank Indonesia.558 555.156.993. unless otherwise stated) 25. 2009 500.475 7. The Subordinated Bonds I will be due and must be settled with the same value as the principal in the Jumbo Certificate of th Subordinated Bonds on January 9. The Subordinated Bonds I were issued at 100.068. from PT Pemeringkat Efek Indonesia. on January 9.780 (9.000.

except as requested and or instructed by the Government and or authorized parties. 2010 and 2009 (Expressed in millions of Rupiah. 11/90/DPB1/TPB1-3 dated November 11.000.000 Bank BRI Subordinated Bonds II Year 2009 with a fixed interest rate registered on the Indonesia Stock Exchange. Subordinated Bonds I (continued) The trustee agreement covers several covenants affecting BRI and requires the written approval from the trustee before conducting the following:   Reduction of authorized. 2009 and 2010. issued and paid capital stock. MANAGEMENT DISCUSSION AND ANALYSIS  b.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 2014. BRI’s Subordinated Bonds II 2009 obtained a rating of “idAAA” from PT Pemeringkat Efek Indonesia and “AA+” from PT Fitch Ratings Indonesia. if in the future the obligation to obtain approval from Bank Indonesia as stated above is no longer mandatory. Conduct merger and or separation and or dissolution and or acquisition. The trustee agreement covers several covenants affecting BRI and requires a written approval from the trustee before conducting the following:  Reduction of authorized. The Subordinated Bonds II will be due and must be settled with the same value as the principal of the Subordinated Bonds on December 22. and Ministry of State-Owned Enterprises). Change BRI’s main business. through its letter No. The trustee of this Subordinated Bonds is PT Bank Mandiri (Persero) Tbk. BRI issued Rp2. The Subordinated Bonds II are not guaranteed by special collateral nor guaranteed by the Republic of Indonesia or other third parties and are not included in the bank guarantee program implemented by the Deposit Insurance Corporation or other insurance corporation. therefore the principal repayment of the Subordinated Bonds can be made without receiving the approval from Bank Indonesia. or allowing or giving approval to Subsidiaries to conduct merger and or separation and or dissolution and or acquisition. As of December 31. Deposit BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE  FINANCIAL STATEMENTS FINANCIAL REPORT 88 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. in accordance with the prevailing regulations. BRI does not establish provision for principal repayment fund of the Subordinated Bonds with consideration to optimize the use of fund in accordance with the planning of the use of the issuance fund of the Subordinated Bonds. payable every 3 (three) months. or allowing or giving approval to Subsidiaries to conduct merger and or takeover and or acquisition. issued and paid capital stock. SUBORDINATED LOANS (continued) a.00% of their nominal value with a fixed annual interest rate of 10. 324 . however. The Subordinated Bonds II were issued at 100. The issuance and classification of the Subordinated Bonds II as subordinated loans have been approved in principle by Bank Indonesia. except as requested and or instructed by the Government and or authorized parties. 2009. Conduct merger and or takeover and or acquisition. 2009. The net proceeds from the issuance of the Subordinated Bonds II are intended for loans expansion under a prudent principle. except as requested and or instructed by the Government of the Republic of Indonesia and or authorized parties (including but not limited to Bank Indonesia. except as requested and or instructed by the Government of the Republic of Indonesia and or authorized parties (including but not limited to Bank Indonesia. Subordinated Bonds II On December 22. unless otherwise stated) 26. Principal repayment of the Subordinated Bonds can only be done after receiving approval from Bank Indonesia. Ministry of Finance of the Republic of Indonesia.95%.

999. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. SUBORDINATED LOANS (continued) b.289 2.Series B Ordinary shares Public . 325 . EQUITY a. respectively.00 100.5 years > 5 years COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE 232 21.601 85. Ministry of Finance of the Republic of Indonesia.57% for the years ended December 31. Two-step Loans The two-step loans in Rupiah represent the loans from the Government which were funded by the Asian Development Bank (ADB).334.667. 2010 and 2009 (Expressed in millions of Rupiah. BRI has complied with the above trustee agreement. 2010 and 2009.999.000 12. Subordinated Bonds II (continued) Insurance Corporation or other insurance corporation in accordance with the prevailing regulations.000 500 500 500 500 3.000.499.500.000. International Fund for Agricultural Development (IFAD).999.678.54% and 5. United States Agency for International Development (USAID) and Islamic Development Bank (IDB).999. in accordance with the prevailing regulations. International Bank for Reconstruction and Development (IBRD).999.Series A Dwiwarna share .00 % BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 89 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.Series B Ordinary shares Total Authorized Capital Stock Issued and Fully Paid Capital Stock Republic of Indonesia .999.Series A Dwiwarna share .000. including but not limited to Bapepam regulations and or Bapepam-LK.999.000 Percentage of Ownership 0.156.75 43.00% 100.290.500.999. The interest rates of these loans vary based on the respective agreements with terms ranging from 15 (fifteen) up to 40 (forty) years.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.300 2.500 2. Capital stock The details of authorized.568. issued and fully paid capital stock of BRI as of December 31. These loans will mature at various dates from 2005 to 2027.25 100.581.000 6.167. 2010 and 2009 are as follows: 2010 Authorized Capital Stock .000 Nominal Value Per Share (full Rupiah) Share Value (full Rupiah) 500 14.500 15.334.999 5. The classification by period of subordinated loans based on their remaining period until maturity is as follows: 2010 2009 Rupiah ≤ 1 month > 3 months . unless otherwise stated) 26.000 0.581.078. and Ministry of State-Owned Enterprises).00% 56.560 2.093 2.296 56.000.1 year > 1 year . The average annual interest rates for subordinated loans were 5.290. c.999.999 30.422 CORPORATE SOCIAL RESPONSIBILITY 27.Series B Ordinary shares Total Issued and Fully Paid Capital Stock Number of Shares 1 29.181 232 24.000.00% 500 500 SUBSIDIARIES 1 6.

2003 arising from the recapitalization fund of Rp29.999. the following: 1.000 0.00% MANAGEMENT DISCUSSION AND ANALYSIS 2009 Authorized Capital Stock .000.000.999. 2003. and Rp25. changes in Articles of Association.499.500 500 500 500 500 3. the Ministry of Finance issued the Decision Letter No.999.00 % CORPORATE GOVERNANCE Series A Dwiwarna share is the share that gives the stockholder preferential rights to approve the appointment or dismissal of Commissioners and Directors. 2010 and 2009 (Expressed in millions of Rupiah.000 6. 326 .926.000.000 consisting of 5.999.272.999 5.00% 56.664. 2003. and BRI’s separation.329.531 to increase BRI’s issued and fully paid capital stock owned by the Republic of Indonesia from Rp1.000.000.999. S. unless otherwise stated) 27. Based on BRI’s Stockholders’ Extraordinary General Meeting held on October 3.000 shares at a par value of Rp1 million per share. 90 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. acquisition.999.02/2003 dated September 30.250.000.H. among others.Series B Ordinary shares Total Authorized Capital Stock Issued and Fully Paid Capital Stock Republic of Indonesia .728.Series B Ordinary shares Total Issued and Fully Paid Capital Stock Number of Shares 1 29. and the balance of Rp25. This decision of the Ministry of Finance has been implemented retroactively since June 30.250. 2003 regarding the final amount and the implementation of the rights of the Government arising from the additional investment of the Republic of Indonesia in the capital of BRI in connection with the recapitalization program for commercial banks. 427/KMK.000 new shares issued by BRI with a par value of Rp1 million per share.000 1 6.000 shares at the same par value per share.00 100.999.999. approve on merger. to become Rp5.77 43.063.926. as represented by the Government through the Ministry of Finance.164.329. and BRI on February 28. The Government’s rights arising from the additional investment of the state to BRI with such final amount was implemented as follows: Rp29.728.063.999 30. submission of request for bankruptcy.791.531 recorded as additional paid-in capital.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 2. EQUITY (continued) a. dissolution..852.531 from the recapitalization fund recorded as additional paid-in capital in BRI’s capital structure.500 12.852. Series B shares are ordinary shares that can be owned by the public.Series A Dwiwarna shares . The stock split with the change in par value per share from Rp1 million to Rp500 (full Rupiah). as covered by deed No. Capital stock (continued) Nominal Value Per Share (full Rupiah) 500 500 Share Value (full Rupiah) 500 14. BRI’s stockholders decided on.00% 100. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.531 converted to 3. Capital Structure In response to the Management Contract entered between the Republic of Indonesia. Based on such Decision Letter. of Notary Imas Fatimah.791.999.Series B Ordinary shares Public . 6 dated October 3. 2003.531 (Note 9). the Ministry of Finance determined that the final recapitalization requirement amount of BRI is Rp29. consisting of 1.000.500 15. 2001. The capital restructuring of BRI as of June 30.000. and liquidation of BRI.063.Series A Dwiwarna shares .500 2.000 Percentage of Ownership 0.23 100.

705. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2003 by Notary Imas Fatimah. Initial Public Offering (IPO) of BRI’s Shares On October 13. 7. The plan to undertake the Initial Public Offering (IPO) of BRI’s shares.616.000 new Series B common shares issued with a par value of Rp500 (full Rupiah) per share and initial offer price of Rp875 (full Rupiah) per share to the public.000.765. 2003.H. the President of the Republic of Indonesia issued Government Regulation No.. Based on the letter from the Chairman of Bapepam No.000 Series B common shares owned by the Republic of Indonesia (divestment) and 1. Agree to change all provisions in the Articles of Association of BRI with revisions in accordance with Law No. 2003.000. 1997 on “The Main Provisions of the Articles of Association of a Company that Conduct an Initial Public Offering of Shares and Public Company”.000 shares at a par value of Rp1 million per share. 2003. The follow up actions on the amendments to the Articles of Association: i.04. COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 4. 2003. S-2646/PM/2003 dated October 31. CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 91 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. and was approved by the Ministry of Justice and Human Rights through its Decision Letter No. C-23726 HT.811. The change in classification of BRI’s shares to become Series A Dwiwarna and Series B shares.2003 dated October 6. Capital stock (continued) Capital Structure (continued) 3. 2003. 327 . 49 Year 2003 regarding the sale of a portion of shares in BRI owned by the Republic of Indonesia and issuance of new shares of BRI. divided into 5. the registration statement submitted by BRI in connection with the IPO of BRI’s shares of 3.699.386.000 shares at a par value of Rp500 (full Rupiah) per share. 8 Year 1995 on “Capital Markets” and Decision of the Chairman of the Capital Market Supervisory Agency (Bapepam) No. 8. ii.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. to become “Perusahaan Perseroan (Persero) PT Bank Rakyat Indonesia Tbk” and simplified to “PT Bank Rakyat Indonesia (Persero) Tbk”. EQUITY (continued) a. 2003 and simultaneously all of BRI shares were listed on the Jakarta and Surabaya Stock Exchanges (currently the Indonesia Stock Exchange).387 against the recorded additional paid-in capital (Note 3). to eliminate the accumulated losses of Rp24. thereafter the name will be changed from “PT Bank Rakyat Indonesia (Persero)”. to be a Publicly Listed Limited Liability Company. S.000 Series B common shares consisting of 2.764. 2003. through the capital market and or direct sale to investors. 5. Such offered shares were initially traded on November 10. KEP-13/PM/1997 dated April 30.060. The increase in authorized capital stock of BRI from Rp5 trillion. The changes in BRI’s Articles of Association in connection with the above Stockholder’s Extraordinary General Meeting were notarized in Deed No.000. to become Rp15 trillion divided into 30. 2010 and 2009 (Expressed in millions of Rupiah. unless otherwise stated) 27. 7 dated October 3. to cover the accumulated losses as of June 30. 6. amounting to Rp1. Utilization of general and special reserves as of June 30. The quasi-reorganization plan of BRI as of June 30. excluding the participation from the Republic of Indonesia. 2003.047. Agree on the change in the status of BRI.TH.01. which became effective on October 31.

The ESA consists of a Bonus Share Plan. 2003.447 2. b.845 2.013 14.50% of the outstanding common shares in BRI. stock options which have been exercised by BRI’s employees as of and for the years ended December 31. among others.553.000 Series B common shares owned by the Republic of Indonesia (divestment) with a price of Rp875 (full Rupiah) per share were exercised on November 10.367 43. respectively.858 2009 1. the Republic of Indonesia owns 59.859 619. After BRI’s IPO and the exercise of the over-subscription option and the over-allotment option.764. unless otherwise stated) 27. the employee and management stock ownership plan through an Employee Stock Allocation Program (ESA) and Management Stock Option Plan (MSOP). the over-subscription option of 381.000 Series B common shares owned by the Republic of Indonesia (divestment) and over-allotment option of 571.092. The management and execution of the ESA and MSOP programs are performed by the Directors.365 and Rp2. The compensation cost relating to MSOP is recognized through stock options under equity. while the supervision is performed by the Board of Commissioners (Note 28).013 14.176. In accordance with the MSOP. respectively. Stock Allocation Program Based on the above Stockholders’ Extraordinary General Meeting.845 8.722. The Additional Paid-in Capital: Additional capital by the Government related to the recapitalization program Previous balance of paid up capital by the Government Additional paid-in capital from IPO Exercise of stock options (Note 28) Year 2004 Year 2005 Year 2006 Year 2007 Year 2008 Year 2009 Year 2010 Remaining MSOP Stage-I which already expired Remaining MSOP Stage-II which already expired Remaining MSOP Stage-III which already expired 2010 1.960 29.062 504 1.349 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 92 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 2010 and 2009 amounted to Rp2.092. Costs and discounts related to the ESA and MSOP programs are paid by the Bank through the allocation of reserves. 328 .773.000 shares.376 140.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 2003 and December 3.500 shares and 4.144 5 589. BRI’s stockholders agreed to.276 which consist of 4. Shares Purchase at a Discount and Additional Shares Grant programs while MSOP is granted to Directors and employees at certain levels and positions.144 5 589.514 184.762 49.762 49.960 29. Capital stock (continued) Initial Public Offering (IPO) of BRI’s Shares (continued) Subsequently. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. The additional paid up capital arising from the execution of the above stock options is added to the issued and fully paid capital and additional paid-in capital (Note 28). EQUITY (continued) a. 2010 and 2009 (Expressed in millions of Rupiah.859 619.514 184.367 504 1.728.376 140.

As of June 30.385.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.000 shares in 2008.553. SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 93 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. stock options that had been exercised were 569.960 in 2007. Based on the Decision Letter No. The statements of income for the year ended as of such date are derived from the accumulation of the monthly income statement balances which were translated into Rupiah using the average exchange rate for the respective months.02/2003 dated September 30. Rp184. The additional paid-in capital arising from these exercise of stock options are Rp43.000 was converted to paid up capital and the balance of Rp25.762 The employees of BRI have exercised stock options starting on November 10.764 (2. 7. 2006 for MSOP III. New York and Hong Kong) from United States Dollar and Hong Kong Dollar to Indonesian Rupiah (Note 2ae).000 new series B ordinary shares with a par value of Rp500 (full Rupiah) per share with the offering price of Rp875 (full Rupiah) per share. 52 Year 1999 on the “Increase in Investment by the Republic of Indonesia in StateOwned Banks”. 2003 amounting to Rp24. the paid up capital from the Government of Rp29. WIB (Western Indonesian time) on balance sheet date. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.063. which consist of 4. Rp3.272.092. In addition. 185.764. 250.721.063.000 shares in 2006. c.000 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY 375 661.379. Rp14.062 in 2010.013 in 2008.791. Rp140. Rp619.859 in 2005 and Rp49.531 was recorded as additional paid in capital (Note 27a). II and III.367 in 2009. Assets and liabilities as well as commitments and contingencies denominated in foreign currencies were translated into Rupiah using the Reuters spot rates at 4.m.000 shares for MSOP I. resulting to additional paid-in capital of Rp1. 427/KMK.500 shares in 2010. the Government determined that the recapitalization requirement amount of BRI to achieve a CAR of 4% was Rp29.000 shares in 2007.705.531. 2004 for MSOP I. 4.531 was recorded temporarily under “Additional Paid-in Capital” together with the previous balance of paid up capital of Rp5 from the Government. from the final recapitalization requirement of BRI amounting to Rp29. with the implementation of the quasi-reorganization by BRI.Cost of IPO Additional paid-in capital from IPO 1. 2005 for MSOP II and November 15. 329 . 2003.531. Rp29.728.3% discount given to BRI customers . EQUITY (continued) b. 2003. BRI conducted an IPO by issuing 1.387 (Note 3) was eliminated against additional paid-in capital. November 10. 31. 2003 of the Ministry of Finance as explained in letter (a) above.000 shares in 2009. On November 10.699.500 shares in 2004.764.499. 2003. resulting in additional paid-in capital as follows: Total new Series B Ordinary shares issued to the public under the IPO (shares) Premium per share (full Rupiah) Total premium on shares before discount Less: . Differences Arising from Translation of Foreign Currency Financial Statements This account represents the exchange rate differences resulting from the translation of the financial statements of the overseas branch/representative offices of BRI (Cayman Islands.000 shares in 2005 and 85. unless otherwise stated) 27.149 as of June 30. the authorized and issued capital stock of BRI had not yet been increased by additional capital from the above recapitalization program.705. During 2004 until 2010.063.041) 589. Therefore.876. 2010 and 2009 (Expressed in millions of Rupiah.376 in 2006.514 in 2004 (Note 28).610.00 p. The Additional Paid-in Capital (continued): As realization of the Recapitalization Program for Commercial Banks as set forth in Government Regulation No.961) (69. the accumulated losses before quasireorganization as of June 30.

The fair value of stock options in MSOP stage-I granted as of November 10. CORPORATE GOVERNANCE Based on the letter from the Ministry of State-Owned Enterprises No. 2009. the date of listing of BRI’s shares in the Jakarta Stock Exchange and Surabaya Stock Exchange (currently the Indonesia Stock Exchange).253 148. Distribution of Net Income and Utilization of Appropriated Retained Earnings Based on the Annual Stockholders’ General Meetings of BRI held on May 20.078 219.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 2003.429 536.39 (full Rupiah). 2010. EQUITY (continued) d. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES 94 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 2004 using the Black Scholes option pricing model. 2003 amounted to Rp117. amounted to Rp2. BRI agreed to grant 235.93 (full Rupiah) per share or in total amounting to Rp566. while MSOP stage-2 and MSOP stage-3 will be granted each year after the MSOP stage-I.5 (full Rupiah) per share or 110% of the offering price per share. amounted to Rp563.249 Consists of dividend in the year 2009. MANAGEMENT STOCK OPTION PLAN (MSOP) CORPORATE SOCIAL RESPONSIBILITY Based on Stockholders’ Extraordinary General Meeting held on October 3. 24 (Revised 2004) on “Employee Benefits”. the exercise price was 110% of the offering price with the life of the option over 5 (five) years from the grant date.H. 2010. Stock options are granted to Directors and employees at certain levels and positions who fulfill the determined criteria. The number of stock options that can be exercised at the end of the first year from the grant date is a maximum of 50% of the total options granted. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. based on the Valuation Report issued by PT Watson Wyatt Purbajaga dated March 17. MSOP Stage-I In MSOP stage-I. On November 10. 2009 and 2008 as follows: Income 2009 Dividends General and special reserves Appropriation for partnership and environmental development fund *) MANAGEMENT DISCUSSION AND ANALYSIS Income 2008 2.959 1. 2009. a. BRI has recorded the provision for tantiem in the current consolidated statements of income in accordance with SFAS No. unless otherwise stated) 27.527 which has been approved by BRI’s Directors based on BRI’s Directors’ Meeting dated November 29. The number of stock options to be issued in MSOP stage-I through stage-III is at a maximum of 5% from the paid up capital of BRI within 3 (three) years without giving priority to the existing stockholders to exercise their rights.936. The MSOP vesting period is 1 (one) year. the Stockholders agreed to distribute the net income for the years ended December 31.100 stock options with an exercise price of Rp962. the stockholders approved the issuance of stock options in 3 (three) stages (Note 27a). 2010 and May 19. 2003 as mentioned in notarial deed No. S. 330 .487 less interim dividend which was paid on December 16.294. MSOP stage-I was granted at the Initial Public Offering (IPO).551*) 950. 28.085. 6 of Notary Imas Fatimah.628..S-705/MBU/2010 dated November 18. there is an interim dividend payment for the year 2010 amounting to Rp45. and the remainder can be executed at the end of the second year through the end of the fifth year.192. 2010 and 2009 (Expressed in millions of Rupiah.

728.647. 2010. The fair value of stock options in MSOP stage-III granted as of November 10.545. 2005 amounted to Rp958 (full Rupiah). 2005. 331 . 2010 and 2009 (Expressed in millions of Rupiah. BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 95 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.649 (full Rupiah) per share (period 8). based on BRI management’s calculation using the Black Scholes . c. 2010 and 2009 are as follows (Note 27a): 2010 Number of Options MSOP Stage-I Options outstanding at the beginning of the year Options exercised during the year Options not exercised until the end of the option life Options that can be exercised at the end of the year *) COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY MSOP Stage-II - MSOP Stage-III 13. MSOP Stage-II Based on BRI Annual Stockholders’ General Meeting held on May 31. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2004. The summary of the MSOP and its movements during the years ended December 31.817.500) (8. and in 2009 are Rp5. The share price exercised in 2010 is Rp8. based on the Valuation Report issued by PT Watson Wyatt Purbajaga dated February 15.050) *) SUBSIDIARIES Total MSOP Stage-III that are still remaining at maturity date on November 9. The number of stock options can be exercised anytime after the vesting period until the end of the option life with a share price of Rp1. 2010 and has been reported to Indonesia Stock Exchange on December 1.Merton option pricing model.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.100 shares. using the Black Scholes option pricing model.550 (4.294.050 shares. the stockholders granted MSOP stage-III with an option life of 5 (five) years and a vesting period of 1 (one) year. and number of shares granted are 235.671 (full Rupiah) per share (period 7). The number of stock options that can be exercised twice in a year within 5 (five) until up to 30 (thirty) working days until the end of the option life with a share closing price of 90% of the average of the share closing price of BRI shares in the Jakarta Stock Exchange (currently the Indonesia Stock Exchange) within 25 (twenty-five) consecutive days before reporting date to the Jakarta Stock Exchange (currently the Indonesia Stock Exchange) (the latest within 5 (five) working days) and the number of shares issued is 117.62 (full Rupiah).750 (full Rupiah) per share. 2005. unless otherwise stated) 28. 2004 amounted to Rp351. MANAGEMENT STOCK OPTION PLAN (MSOP) (continued) b. The fair value of stock options in MSOP stage-II granted as of November 10. MSOP Stage-III Based on the Annual Stockholders’ General Meeting held on May 20. the stockholders granted MSOP stage-II with an option life of 5 (five) years and a vesting period of 1 (one) year.458 (full Rupiah) per share (period 6) and Rp6.

000 shares. unless otherwise stated) 28. 29.447.553.805 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 96 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.327 169.805. 332 .993.600 (3.500) (5.447) and Rp4. 2010 and 2009.95% 5.545.383 2009 28.04% 5 years 42.116.977 (including stock option of MSOP stage-III which have expired amounting to Rp8. CORPORATE GOVERNANCE The fair value of the options granted were derived using the following assumptions: MSOP Stage-I Risk free interest rate Expected period of option Expected share price volatility Expected dividend yield Employee turnover rate : : : : : 8.75% 5 years 24.668 71. respectively (Note 27b).247.75% 5 years 24. Accumulated stock options after deducting the realization of MSOP amount to Rp12.50% 1% MSOP Stage-II 8.500) 13.33% 5.33% 5.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. which are presented as part of the equity in the consolidated balance sheets as of December 31.824.323 (including stock option of MSOP stage-II which have expired amounting to Rp1.845) for the years ended December 31.050 (1. respectively.04% - CORPORATE SOCIAL RESPONSIBILITY During 2010 and 2009.173 321. 2010 and 2009.506. MANAGEMENT STOCK OPTION PLAN (MSOP) (continued) 2009 Number of Options MSOP Stage-I Options outstanding at the beginning of the year Options exercised during the year Options not exercised until the end of the option life Options that can be exercised at the end of the year *) MANAGEMENT DISCUSSION AND ANALYSIS MSOP Stage-II 8.50% 1% MSOP Stage-III 13.951 1.276.367 as of December 31.352.365 and Rp2.973 680. 2010 and 2009 (Expressed in millions of Rupiah. 2009 and has been reported to Indonesia Stock Exchange on December 30. respectively.550 Total MSOP Stage-II that are still remaining at maturity date on November 10. respectively (Note 27a). respectively.062 and Rp14. became RpNil and Rp12.283 790. consisting of 4.728. 2009. and resulted in the increase in additional paid-in capital of Rp43.977. 2010 and 2009.228 1. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. INTEREST AND INVESTMENT INCOME Interest and investment income are derived from: SUBSIDIARIES 2010 Rupiah Loans Securities Certificates of Bank Indonesia Government Bonds Others Government Recapitalization Bonds 39.128.500 and 4.343 1.105.100) *) MSOP Stage-III 14. the total stock options which have been exercised amounted to Rp2.

944 24.909 7.144.025 141.087.917.196 129.672 17.493 CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY 30.076 2.805 224.398 9.815 231. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.619 232.812 159. FEES AND COMMISSIONS Fees and commissions are derived from: 2010 Rupiah Loans Foreign currencies Loans 2009 1.528 12. 2009 BRI 2011 5.315 SUBSIDIARIES 31.058 724.610 33.435 43.737 45.700 467.005 56.778 537 1.946.220.075.286 1.736 1.094 333 FINANCIAL REPORT FINANCIAL STATEMENTS .559 75.641 33. INTEREST AND INVESTMENT INCOME (continued) 2010 Rupiah (continued) Placements with Bank Indonesia and other banks FASBI/FTK Inter-bank call money Others Current accounts with Bank Indonesia Others 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 742.642 287.081 134.463.474.239 43. 2010 and 2009 (Expressed in millions of Rupiah.942 115.362.125.681 31.221 609.126.898 2.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. INTEREST EXPENSE AND OTHER CHARGES This account represents interest expense and other charges incurred on: 2010 Rupiah Time deposits Savings deposits Demand deposits Deposits from other banks and financial institutions Fund borrowings 97 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.341 Foreign currencies Loans Placements with Bank Indonesia and other banks Inter-bank call money Others Securities Government Bonds Others 470.978 725. unless otherwise stated) 29.272 51.970 2.971.

INTEREST EXPENSE AND OTHER CHARGES (continued) 2010 Rupiah (continued) Subordinated loans Securities sold with agreements to repurchase Others Foreign currencies Time deposits Deposits from other banks and other financial institutions Current accounts Fund borrowings 220.536 2009 5.794 116.310 2. PROVISION FOR IMPAIRMENT LOSSES ON FINANCIAL AND NON-FINANCIAL ASSETS . SALARIES AND EMPLOYEE BENEFITS The details of this account are as follows: 2010 Salaries.749 45.859.297 10.167 219 (32.095 499. unless otherwise stated) 31.167 1.906 250 226 100 62 (3.247 1.496 12.074 255. 2010 and 2009 (Expressed in millions of Rupiah.585.267) 7. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.603 1.335 2009 3. 334 .252) 5.940 (337) (105) 27.880.185) 56.222 116.537 362.879.140 680.953 2009 84.632 2.275 131.146 567.258 65.421.061 269.876 625.858 11.430 123.318 373.189.862 11.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.NET This account represents provision (reversal) of allowance for impairment losses on financial assets as follows: 2010 Loans (Note 12e) Acceptances receivable (Note 13d) Export bills (Note 8d) Placements with Bank Indonesia and other banks (Note 6e) Investment in shares of stocks (Note 14) Securities (Note 7e) Current accounts with other banks (Note 5e) Derivatives receivable (Note 11) Sharia receivable and financing 7.715.449 (9.003 464.092 2.448.395 12.256 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 98 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.226 1.179.396 55.608.377.499 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 33. wages and allowances Bonuses.059 276.636 124.905 13.304.230 589.060 23.932 CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 32. incentives and tantiem Defined contribution pension (Note 41c) Training and development Defined benefit pension (Note 41a) Medical allowances Gratuity for services (Note 41e) 3.

675.444 35.576 12.875 168.925 530.net 313.229 2009 214. 2010 and 2009 (Expressed in millions of Rupiah. The amount of tantiem.017 2.NET 2009 707.552 84.648 13.330.260 158.711.675.070 152.721 2009 183.154 6.379 213.778 115.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.391 10. respectively (Note 43).413 302.717.018 130.377.287.924 73.730 276.649 407.468 3. GENERAL AND ADMINISTRATIVE EXPENSES The details of this account are as follows: 2010 Rent Repairs and maintenance Depreciation of premises and equipment (Note 15) Electricity and water Transportation Printing and postage Office supplies Communications Professional fees Computer installations Research and product development Others 886.931 CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES The details of this account are as follows: 2010 Loan insurance claim income Cash distribution from the liquidation of BRI Finance Limited. 2010 and 2009. respectively (Note 43). bonuses and incentives paid to the Boards of Directors and Commissioners.810 4.095 1. NON-OPERATING INCOME .263 6.653 2.095. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.909 25.136 506. 34.778 and Rp40. Board of Commissioners of BRI amounted to Rp8.855 131.384 and Rp12.379 5. unless otherwise stated) 33.475 96.144 201.800 448.226 4. 335 . 2010 and 2009.887 and Rp159.793 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS The amount of salaries and allowances for the Board of Directors amounted to Rp45. amounted to Rp188. SALARIES AND EMPLOYEE BENEFITS (continued) 2010 Grand leaves (Note 41e) Work separation scheme (Note 41d) Pension preparation period (Note 41e) Others 91. Hong Kong Rental income Gain on sale of premises and equipment Others .215 1.691 33.563 8.911 17.226 491.947 1.729 238.133 for the years ended December 31. and executive officers of BRI for the years ended December 31.675 36.437 16.987.608 996.716 66.939 10.569 BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 99 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.112.

107 1.230 (15.306) 14.908.874 230. 2010 and 2009.923 765 1.365 51.400 1. 336 .FOREWORD These consolidated financial statements are originally issued in the Indonesian language.197 (666.026 222.067.635) 14.007 341.746 (127.541 815.046 457 95 5.228 (10.076 521 2.304) 1.892.699) (668.319 764 1.081 475. the details of taxes payable are as follows: 2010 BRI (Parent Company) Income tax Article 23 Article 25 (December) Article 26 Article 29 Article 4 (2) Subsidiary Income tax Article 21 Article 23 Article 29 Article 4 (2) 2009 MANAGEMENT DISCUSSION AND ANALYSIS 2.673.816 220.305) 91. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2010 and 2009 (Expressed in millions of Rupiah.920.924 2009 9.648.990 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 100 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.629 139.123 121.930.492 CORPORATE SOCIAL RESPONSIBILITY b) Tax Expense The reconciliation between income before tax benefit (expense) as presented in the consolidated statements of income and estimated taxable income is as follows: 2010 Income before tax benefit (expense) based on the consolidated statements of income Share of income of Subsidiary Income before tax benefit (expense) – BRI (Parent Company) Temporary Differences: Provision for allowance for possible losses on loans Provision for personnel expenses Unrealized loss (gain) on derivative transactions (Reversal of) provision for estimated losses on commitments and contingencies Unrealized gain on trading securities and Government Recapitalization Bonds Depreciation of premises and equipment (Reversal of) provision for reserve of earning assets excluding loans 14. unless otherwise stated) 36.473 (8.891. TAXATION a) Taxes Payable As of December 31.553 SUBSIDIARIES 2.293) (52.459 38.675) 9.422) (26.130 CORPORATE GOVERNANCE 4.410 977.880.362 343.509 10.

658) 4.836 30.644) 663.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 2010 and 2009 (Expressed in millions of Rupiah.174) 486.451.573) (13.819) 45. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.585.880) 2.451.105) (6.013 (9.406) 2.652 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE The computation of corporate income tax expense and income tax payable is as follows: 2010 Estimated taxable income Parent Company Corporate income tax expense .652 (3.390 26.582 (168.140) 2.268.868 (2.current Income tax installment payments during the year Corporate income tax payable .645) 25.Article 29 Subsidiary Corporate income tax expense . TAXATION (continued) b) Tax Expense (continued) 2010 Permanent Differences: Public relations Representations and donations Sports and religious activities Income subjected to final tax Income of Subsidiary (equity method) Others Estimated taxable income 84.156 2009 288.700 2009 65.896.648.366 19.909) 4.633.current Income tax installment payments during the year Corporate income tax payable .550) (14.908 (4.585.799 (186.007) - CORPORATE SOCIAL RESPONSIBILITY BRI and Subsidiary’s income tax are computed individually as separate legal entities.129 (35.019.325) (15.384 24.917. 337 . unless otherwise stated) 36.319) (4.403 SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 101 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.573 26.814 (95) (2.963 3.412 34.728 52.333 755.700 2009 11.512.109 11.015 118.Article 29 19.873 (121. c) Deferred Tax Assets The computation of deferred tax benefit (expense) of BRI is as follows (Note 2ag): 2010 Provision for allowance for possible losses on earning assets Provision for employee benefits Unrealized loss (gain) on derivative transactions (Reversal of) provision for estimated losses on commitments and contingencies Unrealized gain on trading securities and Government Recapitalization Bonds Depreciation of premises and equipment Impact of changes on income tax rate 420.821 (1.

541 50. have been fulfilled by BRI.101 2009 1.026 CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE In September 2008. i. 2008. 2010 and 2009 (Expressed in millions of Rupiah.609. 2011 from the Securities Administration Agency (Biro Administrasi Efek).743 (152.e. the Government Regulation No. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. Datindo Entrycom on the ownership of BRI’s shares during 2010. The above revision also stipulates the changes in corporate tax rate from a progressive tax rate to a single rate of 28% for the fiscal year 2009 and 25% for the fiscal year 2010 onwards. 2011 and the monthly report of shares ownerships.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.324 (830) (187.107) (34. based on the above Law No.868) 1.429 5. DE/II/11-0810 dated February 9.295. Based on Letter No.819 for the year ended December 31.500 1. TAXATION (continued) c) Deferred Tax Assets (continued) 2010 Subsidiary Total deferred tax benefit 48 486. 36 year 2008.286. Law No.906. form No. 238/PMK. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES 102 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.087 651. These requirements should be fulfilled by the publiclylisted companies for a period of 6 (six) months in 1 (one) tax year. 2007 on “Reduction of the Income Tax Rate on Resident Corporate Taxpayers in the Form of Publicly-listed Companies” and the Ministry of Finance Regulation No.944 MANAGEMENT DISCUSSION AND ANALYSIS The tax effects of significant temporary differences between commercial reporting and tax (recorded under “Deferred Tax Assets”) are as follows (Note 2ag): 2010 Allowance for possible losses on earning assets Provision for employee expense Depreciation on premises and equipment Estimated losses on commitments and contingencies Unrealized (gain) loss in the value of trading securities and Government Recapitalization Bonds Unrealized gain on available-for-sale securities and Government Recapitalization Bonds Unrealized gain on derivative transactions Subsidiary 1. 7 year 1983 regarding “Income Tax” has been revised for the fourth time with Law No.553 8. 338 .548 2.I-6 dated January 10.767 704.260 23.H.526 8.188) 2. unless otherwise stated) 36.808 150.260. 36 year 2008 dated September 23.434 25. In addition. 81 year 2007 dated December 28. 2008 on “The Guidelines on the Implementation and Supervision on the Rate Reduction for Domestic Tax Payers in the Form of Public Companies” provides that resident publicly-listed companies in Indonesia can obtain the reduced income tax rate at 5% lower than the highest existing income tax rate.. 2010. provided they meet the prescribed criteria. 2009.220 137.204 2009 5.915. all of the above mentioned required criteria to obtain the tax rate reduction on BRI’s financial statements for the year ended December 31. X. public companies whose shares are owned by the public at a minimum of 40% or more of the total paid-up shares are traded in the Indonesia Stock Exchange and such shares are owned by at least 300 (three hundred) parties and each party owning only less than 5% of the total paid-up shares.03/2008 dated December 30. The Company recorded the impact of the changes in income tax rate as part of the current year deferred tax expense which amounted to Rp168.

The functional activities cover loan. RISK MANAGEMENT BRI’s business activities are constantly facing risks relating to its function as a financial intermediary institution. IT system and support. risk measurement.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. The preparation of BRI risk profile is consolidated and performed (enterprise-wide risk management) by integrating 8 (eight) types of risks. which is a series of technical guidelines that determine the stages in risk management process that has been determined in KUMR. Guidance on the Application and Implementation of Operational Risk Management (PPPMRO). risk management organization. COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 103 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. unless otherwise stated) 37. market risk. BRI has prepared the Risk Management General Policy (KUMR) which represents the highest rule in the risk management implementation in BRI’s entire business activities. funding. The applied risk management principles must be able to support BRI to operate more carefully within a rapidly developing banking business and operational activities. KUMR includes general policy. internal control system and risk management implementation in using information technology and integrated risk management (Enterprise Risk Management) which include managing risk profile. operational risk. self assessment process is performed by evaluating inherent risk (embedded risk in the bank’s activities) and risk control system (control on inherent risk) towards 8 (eight) risk types present in 7 (seven) BRI functional activities. compliance risk. Third line of defense is the internal audit working unit which functions in performing control through evaluation of the first and second lines of defense as well as reporting independently to the President Director and Commissioner. BRI has implemented the concept of first line of defense. such as risk identification. The implementation of these risk management principles have become the standard in the global banking industry which is required by Bank Indonesia in line with the recommendation issued by the Bank for International Settlements (BIS) through the Basel Committee on Banking Supervision. limit and operational guidelines. risk management strategy. risk monitoring and risk control. The rapid business development in the external and internal bank industry also caused the risk on the bank’s business activities to become more complex. management of new products and/or activities. 2010 and 2009 (Expressed in millions of Rupiah. 339 . and Guidance on the Application and Implementation of Market Risk Management (PPPMRP). reputation risk and legal risk through implementation of risk profile according to Bank Indonesia Regulation on Implementation of Risk Management for Commercial Banks. liquidity risk. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. strategic risk. which in turn is expected to support BRI’s business activities. second line of defense and third line of defense. risk management implementation. but as an obligation of management to implement a good credit risk management system and aligned with best practices in the banking industry. Based on the above KUMR. To determine BRI risk profile in a monthly basis. which are credit risk. risk management process. treasury trade finance. Business Continuity Management (BCM) implementation. BRI PPPMR consist of Guidance on the Application and Implementation of Credit Risk Management (PPPMRK). BRI is required to implement effective risk management to adapt to the complex business activities. guidelines and risk limit of business/operational working unit independently. First line of defense is business/operational working unit performing functional activities according to existing policies. Credit Risk Management The implementation of credit risk management is not only intended to position BRI as a bank that has complied with the regulation. risk management information system. service and operational. Second line of defense is risk management working unit which oversees compliance of BRI risk management according to risk tolerance and implements policies. BRI has applied Guidance on the Application and Implementation of Risk Management (PPPMR).

2010 and 2009 (Expressed in millions of Rupiah. the implementation of Risk Scoring System. Segregation of RM and CRM functions as well as determination of non performing loans in a separate division from performing loan is intended for better performance of loan activities risk management. RISK MANAGEMENT (continued) Credit Risk Management (continued) In the Credit Risk Management Framework. capability and competency as well as experience in the loan business. and also the segregation of credit default management. decision/approval process. the implementation of Four Eyes Principle. such as the segregation of credit officers according to their tasks (Relationship Management/RM and Credit Risk Management/CRM). unless otherwise stated) 37. Credit Operation Guidelines (PPK) for each business segment. Cut off for CRR and CRS have already been determined for debtor applicant that is potential for approval based on BRI’s risk appetite. BRI credit risk management is intended to minimize possible loss due to unsettled loan granted and other financial contracts in the individual level or overall loan portfolio level. In accordance with adjustment of policies to current business development. The implementation and procedures arranged all credit risk management activities in detail. This credit risk management is also performed by BRI in order to meet the requirements stated by the Bank Indonesia Regulation. documentation. Analysis and loan approval process is started by early identification of debtor applicant through risk level evaluation of each debtor applicant by using Credit Risk Rating (CRR) for commercial loan as well as Credit Risk Scoring (CRS) for consumer loan and micro loan. which are loan application.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. review and improvement on policies and regulations are performed occasionally to ensure that loan expansion is right on target. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 104 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BRI has established principles. so as not to influence or intervene one another. 340 . Rescheduling and Reconditioning). Credit Risk Limit Implementation Procedures and others. analysis process. Every line credit officer has to have independence. Effective credit risk management minimizes risk of possible loss and optimizes capital usage to obtain maximum income. controlling and rescuing/3R (Restructuring. Line credit officer is given an authorization limit of loan approval based on integrity. BRI has a Credit Risk Management Committee/CRMC. In order to maintain and manage credit risk. As a guideline for all officers and liners involved in credit risk management. which is a Sub Risk Management Committee (RMC) to discuss problems regarding the credit risk exposure and the implementation of credit risk management. Loan distribution performed by the whole business working unit is expected and guided to take into account credit risk from loan disbursement up to loan settlement by controlling and monitoring loan quality to prevent Non Performing Loan (NPL). The authorization limit is given directly by the direct superior of line credit officer according to existing regulations. managing and monitoring. credit policies and procedures are stated in Credit Risk Management Implementation Operation Guidelines (PPPMRK).

however.870 238.339 6. (i) Credit risk exposure to financial assets in the consolidated balance sheet as of December 31.744 386. BRI has developed Loan Approval System (LAS) which functions as a media to capture loan data needed and integrate CRR/CRS risk evaluation process in every loan process whereby the calculations are performed by system.683 5.020 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES *) Investment in shares of stocks are investment in shares of stocks using the cost method.295.140 203.224 734.463 7. Internal Rating Based Approach (IRBA) methodology is being prepared and developed.658. 341 .209 1.989.272. BRI utilizes the standardized based approach.239.600.728. **) Other assets consists of interest receivable and other receivables. 2010 and 2009 (Expressed in millions of Rupiah.376 660.000 501.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. and in line with the framework set by Bank Indonesia.386. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. resulting in a more objective result.295 9. Loss Given Default and Exposure at Default. BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 105 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.026.144 13.381 87. In preparation of IRBA implementation.053 83.072. 2010 is as follows: Maximum Exposure Current accounts with Bank Indonesia Current accounts with other banks Placements with other banks and Bank Indonesia Securities Fair value through profit or loss Available-for-sale Held-to-maturity Export bills Government Recapitalization Bonds Available-for-sale Held-to-maturity Securities purchased under agreements to resell Derivatives receivable Loan granted and sharia receivables and financing Acceptances receivable Investment in shares of stocks*) Other assets**) Total 19. unless otherwise stated) 37. RISK MANAGEMENT (continued) Credit Risk Management (continued) The development of credit risk management is conducted in stages.099 1. simultaneously. BRI is preparing a system to support the database interconnected to the current system that will be utilized for determining loan risk parameters such as Probability of Default.

119.278 6.229.683 5. 2010.295.139 3.989. BRI has allocated exposures to the regions based on the geographical area where activities are undertaken.661 332. December 31. unless otherwise stated) 37. 2010 are as follows: Maximum Exposure Outstanding irrevocable letters of credit Guarantees issued 4.870 252.600.992 1.734 417.745.175.717 1.600.734 741.000 501.327. as categorized by geographical region as of December 31.959 4 233.744 213.517 28.307 (14.658. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. As of December 31.463 7.944 8. 2010 is as follows (continued): Credit risk exposures relating to consolidated off-balance sheet ítems as of December 31.989.026.147 15.637 3.295.020 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES Less : Allowance for impairment losses 106 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.182. For this table.144 11.338.870 68.381 87.463 7.733.144 13.728.177 122 58.015. For consolidated on-balance sheet financial assets.116 83.006 31.382. 342 .822 10.510 The above table represents the maximum credit risk exposure to BRI as of December 31.638. RISK MANAGEMENT (continued) Credit Risk Management (continued) (i) Credit risk exposure to financial assets in the consolidated balance sheet as of December 31.240.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.757 6.714 44.049 19.206 5.939. 2010. the percentage of maximum exposure of loan granted and sharia receivables and financing against the total financial asset subject to credit risk in consolidated balance sheet is 61.079.160 28.778 15.240.134 32.646 1. 2010. 2010 and 2009 (Expressed in millions of Rupiah.683 5.966 3 16. (ii) Concentration of risks of consolidated financial assets with credit risk exposure a) Geographical sectors The following table provides details of the BRI’s credit risk exposure at their carrying amounts (without taking into account any collateral held or other credit enhancement).801.398 203.196.072.206 666.933 82.638.847.646 1.123. 2010 West Java Central Java and Yogyakarta East Java Central and East Indonesia CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS Jakarta Assets Current accounts with Bank Indonesia Current accounts with other banks Placements with Bank Indonesia and other banks Securities Fair value through profit and loss Available-for-sale Held-to-maturity Export bills Government Recapitalization Bonds Available-for-sale Held-to-maturity Securities purchased under agreements to resell Derivatives receivable Loans and sharia receivables and financing Acceptances receivable Investment in shares of stocks*) Other assets**) Total Sumatera Others Total 19.295 9.371 8.924 90.885.996 44.390 203.214.272.119.275 56.287) 386.489. the exposures set out above are based on net carrying amounts as reported in the consolidated financial statements.932.339 31.356 56.160 201.196.64%.741 967 18.871 18.000 501.907 889.026.744 400.878 1.089 9.381 87.

823 4.418.870 252.295 9.058. as categorized by the industry sectors.989.626 3.000 270.489.206 666.246.139 3.431 82.144 13.757 6.000 501.020 SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS *) Investment in shares of stocks are investment in shares of stocks using the cost method.092 193.586 358.716.679 7.562 4.354 46.329 Individuals 178.298 9.510 *) Investment in shares of stocks are investment in shares of stocks using the cost method.799 563.591 25.295.116 83.853.119.683 5. **) Other assets consists of interest receivable and other receivables.305 30.284 749.287 ) 386.130 536 27.763 199.307 (14.870 55.371 8.734 741. 2010 and 2009 (Expressed in millions of Rupiah.116.556.711 Total CORPORATE SOCIAL RESPONSIBILITY 19. CORPORATE GOVERNANCE b) Industry sectors The following table provides the details of the Group’s credit exposure at carrying amounts. unless otherwise stated) 37.286.752 68.711 178.240.363 Bank and Non-bank Financial Institution 5.565 120.989. 2010 Government (including Bank Indonesia) Current accounts with Bank Indonesia Current accounts with other banks Placements with Bank Indonesia and other banks Securities Fair value through profit and loss Available-for-sale Held-to-maturity Export bills Government Bonds Available-for-sale Held-to-maturity Securities purchased under agreements to resell Derivatives receivable Loans and sharia receivables and financing Acceptances receivable Investment in shares of stocks*) Other assets**) Total Less: Allowance for impairment losses 19.582 12. 2010 West Java Central Java and DIY East Java Central and East Indonesia COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS Jakarta Off-Balance Sheet Accounts Outstanding irrecovable letters of credit Guarantees issued Sumatera Others Total 4.110 518. RISK MANAGEMENT (continued) Credit Risk Management (continued) (ii) Concentration risks of consolidated financial assets with credit risk exposure (continued) a) Geographical sectors (continued) December 31. 107 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.200 73.463 7.658.381 87.646 1.600.655.600.459 6.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.665.831.944.904 Other Companies 240.026.072.878 1.728.272.232 231. 343 .964 331.738 158.744 400.803 53.878 1.762.588 75.073 10.364 14.081 666.401.415 741.683 2.381 87.532 - 4.324 4.762.066.801. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.733.472 1. **) Other assets consists of interest receivable and other receivables.757 501.932.026.429 6.923 51.119 6.847.463 7.390 203.

461.298 83.733.603 1. 2010 Rupiah Bank Indonesia FASBI FTK Inter-bank call money Foreign Currencies Inter-bank call money Time deposits Total Less : Allowance for impairment losses CORPORATE SOCIAL RESPONSIBILITY 50.079. 2010.188.250.367.801.338 Bank and Non-Bank Financial Banks 393.308 2. 344 . 2010: a) Current accounts with other banks As of December 31.894 49.139 3.390 (250) 83. this financial asset is not individually or collectively impaired according to the Bank Indonesia regulations. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.593.459.201 4.683 1.371 8.092 12.588. RISK MANAGEMENT (continued) Credit Risk Management (continued) (ii) Concentration risks of consolidated financial assets with credit risk exposure (continued) b) Industry sectors (continued) Credit risk exposure relating to consolidated off-balance sheet account as of December 31. b) Placements with Bank Indonesia and other banks As of December 31. 2010 and 2009 (Expressed in millions of Rupiah.769 MANAGEMENT DISCUSSION AND ANALYSIS Other companies 2.166 1.510 CORPORATE GOVERNANCE (iii) Impairment of financial asset as of December 31.466.894 Total 4.802 1.228 134. 2010. 2010 is as follows: 2010 Government (including Bank Indonesia) Outstanding irrecovable letters of credit Guarantees issued 2.290 18.272.000 69.932. this financial asset is not individually or collectively impaired except for sharia according to Bank Indonesia regulations.981.110 2.806.108.140 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES 108 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. unless otherwise stated) 37.004.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.509 Individuals 49.272.029.615 13.

2010. COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 109 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.418) 734.562 16.757 (7. unless otherwise stated) 37.789 5.382 120.831. 345 .000 89. 2010 Rupiah Certificates of Bank Indonesia Government Bonds Bonds Medium term notes Subordinated Bonds Mutual funds Foreign Currencies Credit linked notes Government Bonds Notes receivable Medium term notes Total Less : Allowance for impairment losses 9.173 (1.516.560.407. this financial asset is impaired with the following details: 2010 Rupiah Domestic Documentary Letter of Credit Foreign currencies Export bills Total Less : Allowance for impairment losses 42.175.042 741.339 e) Derivatives receivable As of December 2010.158. 2010 and 2009 (Expressed in millions of Rupiah.715 699. this financial asset is not individually or collectively impaired except for sharia according to Bank Indonesia regulations.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.514.663 d) Export bills As of December 31.956.642 224.431 2.413 5.814 1. RISK MANAGEMENT (continued) Credit Risk Management (continued) (iii) Impairment of financial asset as of December 31.014 3. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. this financial asset is not impaired individually as well as collectively according to Bank Indonesia regulation.159 22.510) 22.101. 2010.297 397. 2010 (continued): c) Securities As of December 31.843 9.

FOREWORD These consolidated financial statements are originally issued in the Indonesian language.576 (7.036 340.352 219.913.563 9.858 277.840.000 1.423 3. 2010.121.376 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES 110 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.223 236. this financial asset is impaired individually as well as collectively according to Bank Indonesia regulation with details as follows: 2010 Impaired Description Rupiah Trading.656 508.385 215.286 234.109.643 1.111.024 3.967.262 341.489.532.926 5. unless otherwise stated) 37.773 906.480 10.932 4.608 (2.776 1.494 10.762 436.723 899.603 2.739 CORPORATE SOCIAL RESPONSIBILITY 4.037 725.686 2.170.918 328.620) 231.322.934 1.582.413 604.867. RISK MANAGEMENT (continued) Credit Risk Management (continued) (iii) Impairment of financial asset as of December 31.964 4.337 4.543.808 3. gas and water Transportation.003.923 82.846.548. 2010 (continued): (f) Loan granted and sharia receivables and financing As of December 31.668 4.165. 2010 and 2009 (Expressed in millions of Rupiah.693 15. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.301 548.722.040 168.896 321.079 2.462 4.845 175.983.900 10.305.675.283.788.723 899.386.428 99.348 6. hotels and restaurant Mining Manufacturing Transportation.795 17.250 4.830) 238.743.202.311.953.258.988 218.066 3.132 3.841 906.551 96.075.313 97.463 317.621.062 7.742 92.467 252. warehousing and communications Social services Mining Others Foreign currencies Trading.808.595 5.917 686.343.897 3. 346 .069.968 90.219.653 13.671 4.623 1.528 5.840 16.100.062 96.805 13.011.206 (14. warehousing and communications Agriculture Electricity.563.656 508.172.896 326.630 216.613 911.795. hotels and restaurants Agriculture Business Service Manufacturing Construction Electricity.464 4.650) 5.022 (4.765.322 1.643 919.057.102.973.137.168.629 553.409 2.943 15.560) 889.709 275.613 15.917 14. gas and water Construction Business services Social services Others Total Less: Allowance for impairment losses Not Impaired Individual Collective Total MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE 71.290.205 10.

209 (iv) Estimated losses on commitments and contingencies As of December 31. 347 .577 4.563.076 264. RISK MANAGEMENT (continued) Credit Risk Management (continued) (iii) Impairment of financial asset as of December 31.640. 2010. the administrative accounts are impaired with the following details: 2010 Rupiah Bank guarantees issued Outstanding irrevocable Letter of Credit Foreign currencies Outstanding irrevocable Letter of Credit Bank guarantees issued Total Less : Allowance for Impairment Losses 1. 2010 and 2009 (Expressed in millions of Rupiah. therefore impairment is performed by calculating the entire level of loss which covers actual loss combined with adjustment value decided by the management obtained from surveys.304 113.574 666. this financial asset is impaired with the following details: 2010 Foreign currencies Usance Import Letter of Credit Usance Domestic Documentary Letter of Credit Total Less : allowance for impairment losses 553. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2010 (continued): (g) Acceptances receivable As of December 31. BRI has sufficient data and information of historical loss on loans in disaster prone areas that experienced disasters and are still categorized as disaster prone areas by the Republic of Indonesia.896.667.088 Especially for loan in disaster prone areas that experienced disasters and are still categorized as disaster prone areas by the Republic of Indonesia.933 8. insuranced loan and payroll-deducted loan.905.733.169.422) 8. COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 111 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.295 6.669) 660. 2010. excluding loan with cash collateral. unless otherwise stated) 37.878 (6.501 2. loan evaluation is performed only for micro market segment.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.510 (93.638 1.

Liquidity management includes liquidity management for intraday. measurement. Loan to Deposit Ratio (LDR) and overnight lending limit (O/N). as well as ensuring availability of high quality liquid assets. 348 . minimum SBI in the secondary reserve. unless otherwise stated) 37. funding strategies. and maintains primary reserve in accordance with Bank Indonesia regulations and the secondary reserve according to the limit determined. In an effort to properly control the exposure and the concentration of liquidity and manage the daily liquidity. Liquidity management policy includes liquidity management. establishment of liquidity limit. 2010 and 2009 (Expressed in millions of Rupiah. BRI conducts daily monitoring for possible withdrawal amount made by customers. Liquidity risk limit is the concentration ratio of assets and liabilities (minimum secondary reserve excluding SUN. BRI has prepared Risk Management Implementation policy for BRI’s liquidity risk according to PBI No. as an internal material to develop or improve emergency funding plan (contingency funding plan) which is effective and useful as a reference in liquidity risk limit. daily. Liquidity Risk Management BRI liquidity management is conducted nationally by the Treasury Division. to manage liquidity. To support liquidity management. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 112 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. concentration of 50 (fifty) core depositors and the concentration of funds among bank liabilities). medium term. ratio of short-term and long-term cash flow mismatch. liquid assets ratio < 1 month towards liquid liabilities < 1 month. The policy aims to ensure sufficient daily funds in meeting its obligations during normal and crisis conditions on time from various sources of funds available. on "Implementation of Risk Management for Liquidity Risk”. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. short term. adequacy of identification. monitoring and control process as well as liquidity risk management information system. 2009. The purpose of stress testing is to measure the resistance or ability to meet liquidity and capital needs during crisis situation (stress condition). performs monitoring of maturing assets and liabilities. BRI also optimizes the determined cash ratio for Regional Offices and Branch Offices by taking into account the cash need. Besides that. 11/16/DPNP dated July 6. RISK MANAGEMENT (continued) Credit Risk Management (continued) In order for the estimated decline in value to result in an adequate loss value. the total outstanding loans and the percentage of total actual loss on each disaster prone area in recent years. BRI also regularly conducts stress testing simulation on a quarterly basis which is submitted to the Boards of Directors and Commissioners of BRI through the Risk Management Committee (RMC) minutes of meeting. including management of high quality liquid assets and emergency funding plan. early warning system.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. which includes active supervision of the Board of Commissioners and Directors. BRI performs testing for individual debtors on a sampling basis in disaster prone areas and compares the results on a sampling basis with a percentage obtained from the overall loss rate methodology and performs analytical review by looking at the trend of loan impairment. denominated in Rupiah or foreign currency. maximum ratio of cash outflow. maintains sufficient liquid assets to meet its maturing obligations. BRI prepares and manages liquidity risk limit which are submitted to the Board of Directors through Asset and Liability Committee (ALCO) meetings. adequate policies and procedures on liquidity and limit as well as a comprehensive system of internal control.

463 501.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.856 2.766.652.454.102.000 167.479 232 295.684.801 666.658.257 22.233 More than 1 year CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY 4.272.301 More than 3 months up to 1 year 1.156.004.703.287) COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS Description Assets Cash Current accounts with Bank Indonesia Current accounts with other banks Allowance for impairment losses Placements with Bank Indonesia and other banks Allowance for impairment losses Securities Allowance for impairment losses Export bills Allowance for impairment losses Government Recapitalization Bonds Securities purchased with agreements to resell Derivatives receivable Loans and sharia receivables and financing Allowance for impairment losses Acceptances receivable Allowance for impairment losses Investments in shares of stocks*) Allowance for impairment losses Other assets**) Total Assets Liabilities Liabilities due immediately Deposits from customers Deposits from other banks and financial institutions Securities sold with agreements to repurchase Derivatives payable Acceptances payable Fund borrowings Other liabilities***) Subordinated loans Total Liabilities Maturity gap Total 9.156.116 (63 ) 83.241 423.425.542 269.418) (14.381 87.744 396.674 269.126 93.173 (1.257 - SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS (14.488 294.342.646 178.683 5.365 81.365 (63) (250) (1.878 (6. 2010 and 2009 (Expressed in millions of Rupiah.757 (7.683 5.466 78.287) *) Investments in shares of stocks are investments in shares of stocks using the cost method.572.119.658. RISK MANAGEMENT (continued) Liquidity Risk Management (continued) This table represents information about the mapping of financial assets and liabilities within a certain time scale (maturity buckets) based on the remaining maturity as of December 31.123.463 501.997.639 284.160 18.288. ***) Other liabilities consists of interest payable and guarantee deposit.834.277.206 (14.712 19.560 ) 34.842 44.626.732 Up to 1 month 9.026.178 43.180 9.613 5.491 116 294.120 Others without maturity 7.397 456.509 5. 2010 and 2009 : 2010 More than 1 month up to 3 months 218.134.489.116 82.418 ) 13.491.651 3.878 9.199 102.160.654 48.181 356.839 103.628 2.584.068 1.369 157.997. **) Other assets consists of interest receivable and other receivables.148 3.975.598 924.443.830) 666.119.390 (250 ) 22.295. 113 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.381 9.989.980.775 14.441.752 3.344 480.132 4.545 603.639 333. unless otherwise stated) 37.975.471.397 5.108 103.598 695.830) (6.659.582 (11.646 (547) 1.712 19.156 72.669) (547) (14.951 50. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.034 10.216 13.538) 184.870 252.246) 13.102.615 575.247.522 21.132 344.535.123.479 (137.510 ) 741.288 308.789 2.093 39.669) 1.822 4.267. 349 .990.741 (4.974.600.910 40.709.404.516.989.160.405.315 526.108 176.424 23.510) (7.148 26.

423 1.716 13.166.975 2.485 3. ***) Other liabilities consists of interest payable and guarantee deposit.344.928.743.139.081.626.907 544.921 (1.808.604 138.074 503.422 283.646 143.852.490.302 352.289.396.086 40.884 Up to 1 month 8.414 9.971 217.109 ) 551.000 92.553 7.997 26.172 (5.900 635.139.985.862 1.199 28.311) MANAGEMENT DISCUSSION AND ANALYSIS Description Assets Cash Current accounts with Bank Indonesia Current accounts with other Banks Allowance for impairment losses Placements with Bank Indonesia and other banks Allowance for impairment losses Securities Allowance for impairment losses Export bills Allowance for impairment losses Government Recapitalization Bonds Securities purchased with agreements to resell Derivatives receivable Allowance for impairment losses Loans and sharia receivables and financing Allowance for impairment losses Acceptances receivable Allowance for impairment losses Investment in shares of stocks*) Allowance for impairment losses Other assets**) Total Assets Liabilities Liabilities due immediately Deposits from customers Deposits from other banks and financial institutions Securities sold with agreements to repurchase Derivatives payable Acceptances payable Fund borrowings Other liabilities***) Subordinated loans Total Liabilities Maturity gap Total 8.159.563 16.122.148) (4.716 (4.449.263.726 4.535.646 (547) 2.233) (57.589 4.304 12.939 3.609 6.392 85.368.887 144.541 (90.422.419.547 102. RISK MANAGEMENT (continued) Liquidity Risk Management (continued) 2009 More than 1 month up to 3 months 46.053.232 255.600.925. 114 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.428 28.033.512) (1. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.086 (90.155 85.887 15.441 45.631.426 78.053 213.449 ) 208.709 27.811 ) 40.311) FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 *) Investments in shares of stocks are investments in shares of stocks using the cost method.415 15.678.241 (57.893.496 2.421.858 47.290 (136.568 (11.671 Others without maturity 6.555.414 9.925.368.428 3.530 More than 3 months up to 1 year 187.000 52.417 8.333.533 1.349 5.181 2.480.627.611.939 333.937 (11.685 4.453 More than 1 year CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE SUBSIDIARIES 4.730.876 311.109) (5.653.502) (547) (11.664.601 30. 350 .811) (136.203 232 229. **) Other assets consists of interest receivable and other receivables.261 4.512 ) 15.464 277.232 214.882.081.480 129.176 19.559) 14.487.304 12.013. 2010 and 2009 (Expressed in millions of Rupiah.333.502) 1.050 17.783 800.893.752 213.664.842 111.239.074 503.282.919. unless otherwise stated) 37.145 18.349 2.403 441.172.205 53.967 24.862.621 157.712 277.585 533.027.420 547.233 ) 24.148) 352.396.449) (11.261 53.703.302 1.012 (117.368.399 837.

Market Risk Management Market risk is the risk of losses arising due to the movement of market factors consisting of interest rates and exchange rates that are against the position held by BRI.00 15.95 2. which monitors the trading activities undertaken by the dealers (front office) in the Treasury Division.24 6.37 5.80 - BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 115 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.18 2. The Board of Directors and senior management who are members of ALCO are responsible for establishing.00 16.87 8.84 2.94 1.29 6. 2010 and 2009: December 31. cut loss limit. The positions are those in the trading book and banking book. managing and controlling interest rate risk by weighing the BRI’s risk appetite and targeted financial achievement. including the need for BRI’s business expansion.50 4. on the balance sheet or on offbalance sheet accounts.09 14. BRI has liquidity risk analysis which is the Liquidity Gap Analysis that provides information on the projected surplus or deficit of liquidity based on maturity profile. 2010 and 2009 (Expressed in millions of Rupiah.01 11.88 2.97 2.48 3.79 - 6.81 5.33 6.03 3. 2009 Rupiah (%) Foreign currency (%) COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES 5. This information is the basis of consideration in planning and managing BRI's liquidity. In market risk management.90 4.63 10.98 13.76 9.77 13.50 10. stop loss limits and Value-at-Risk (VaR) limit. With the implementation of effective liquidity risk management. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2010 Rupiah (%) ASSETS Placements with Bank Indonesia and other banks Securities Export bills Loans Government Recapitalization Bonds Fixed interest rate Floating interest rate LIABILITIES Deposits from customers Deposits from other banks and other financial institutions Fund borrowings Subordinated Loans Foreign currency (%) December 31. 351 . BRI manages market risk by implementing Middle Office function.30 6. an independent unit from the front office. it is expected that BRI’s liquidity risk can be minimized and the banking system stability can be improved comprehensively.37 4.95 0.50 4.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. (a) Interest rate risk Financial instruments whose value is based on interest rate contains risk as there are potential changes in interest rates which affects future cash flows. The table below represents the average interest rates per annum of BRI’s financial assets and liabilities as of December 31.71 5. unless otherwise stated) 37. BRI performs monitoring and restricting losses by determining market risk limit as well as by deciding dealer transactions limit.66 1.50 3. RISK MANAGEMENT (CONTINUED) Liquidity Risk Management (continued) BRI sustains an optimum level of liquidity by maintaining sufficient liquid assets to pay deposits from customers and its maturing obligations as well as providing fund for asset growth when needed.

298.174.578 5.116 83.463 3.171 5.856 6.757 CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY 8.878 1.365 81.674. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.206 666.365 6.855 (302.390 203. 352 .425.989.318 3.123.734 741.390 203.282.123.374 526.712 19.878 35.000 2.224.026.565.975.203 4.295 9.000.476 125.453 2.181 14.989.397. 116 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.530.652 ) 19.910 54.545 2. RISK MANAGEMENT (continued) Market Risk Management (continued) (a) Interest Rate Risk (continued) The tables below summarize the financial assets and liabilities exposures to interest rate risk (gross) (unaudited): 2010 Floating interest rate Not more than 3 months 19.941 666.744 11.897 6.646 1.639 77.769 666.646 1.315 526.398 3.789 2.381 87.405.453 4.439.658.703.364.072.984 231.702.870 252.240. 2010 and 2009 (Expressed in millions of Rupiah.160.156.465 98.801 666.654 224.000 16.454.026.181 356.361.989.744 410.272.339 6.156.545 603. unless otherwise stated) 37.453 19.295.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.712 - MANAGEMENT DISCUSSION AND ANALYSIS Description Assets Cash Current accounts with Bank Indonesia Current accounts with other banks Placement with Bank Indonesia and other banks Securities Fair value through profit and loss Available-for-sale Held-to-maturity Export bills Governments Recapitalization Bonds Available-for-sale Held-to-maturity Securities purchased with agreements to resell Derivatives receivable Loans and sharia receivables and financing Acceptances receivable Investment in shares of stocks*) Other assets**) Total Assets Liabilities Liabilities due immediately Deposits from customers Current accounts Saving deposits Time deposits Deposits from other banks and financial institutions Securities sold with agreements to repurchase Derivatives payable Acceptances payable Fund borrowings Other liabilities***) Subordinate loans Total Liabilities Interest rate repricing GAP Fixed Interest rate Total 9.216 1.000 78.144 13.750 130.757 More than 3 months but less than 1 year More than 1 year 10.295.000 501.128 78.109 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES *) Investments in shares of stocks are investments in shares of stocks using the cost method.506.019 4.462 10.989.683 5.878 9.658.128 231.065.673 603.878 338.144 13.467 78. **) Other assets consists of interest receivable and other receivables.061.639 77.463 7.364.000 501.965.489.303 9.116 741.823.908.476 125.730.431 Noninterest bearing 83.975.703.298.789 607.683 5.600.072.381 112.175.113 9.272.751.600. ***) Other liabilities consists of interest payable and guarantee deposit.750 130.405.171 87.

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 37. RISK MANAGEMENT (continued) Market Risk Management (continued) (a) Interest Rate Risk (continued) To manage market risk on a daily basis, BRI has implemented treasury and market risk application (Guava), an integrated system utilized by the front office (dealers), middle office and back office, whereby the application is able to perform the market risk measurement using an internal model (value-at-risk) that is integrated with the daily transaction processing. With the application system, BRI is able to monitor exposure and market risk limit on a daily basis, thus easing the monitoring of market risk and to provide updated information to the management, as well as to support decision making on time. To assess the accuracy of the methodology calculation of value-at-risk (VaR) used in predicting potential losses, BRI periodically perform validation through back testing process. In addition, to anticipate abnormal market movements, BRI regularly conducts stress testing on portfolio both in trading book and banking book to evaluate the impact of significant losses should there be abnormal movement of the market factors. Stress tests are made with various scenarios, both hypothetical and historical taking into account crisis events experienced. (b) Exchange Rate Risk Exchange rate risk is the risk arising due to the gap of foreign exchange positions held by BRI reflected in BRI’s Net Open Position (NOP) both individually and at a consolidated level. Included in the foreign exchange positions are the trading book positions conducted to generate profit from foreign exchange transactions in the short-term and banking book position in order to control the NOP. In accordance with Bank Indonesia regulation, NOP is determined to be at a maximum level at 20% of the capital, while BRI internally determined a maximum level at 15% of the capital. The table below represent NOP of BRI as of December 31, 2010 and 2009 (unaudited), by currency, as follows:
2010 Currencies Balance sheet United States Dollar European Euro Australian Dolar Japanese Yen Singapore Dollar British Pound Sterling Others Assets 43,173,174 1,340,027 454,886 160,917 136,815 61,936 390,261 Liabilities 44,123,264 1,187,084 37,286 51,274 34,366 54,273 61,847 NOP (950,090) 152,943 417,600 109,643 102,449 7,663 328,414 168,622

COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS

117
ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

353

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

COMPANY PROFILE

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 37. RISK MANAGEMENT (continued) Market Risk Management (continued) (b) Exchange Rate Risk (continued)
2010 Currencies Balance sheet and off-balance sheet accounts*) United States Dollar European Euro Australian Dollar Japanese Yen Singapore Dollar British Pound Sterling Others Assets Liabilities NOP

MANAGEMENT DISCUSSION AND ANALYSIS

CORPORATE GOVERNANCE

51,023,235 1,340,027 454,886 160,917 136,815 61,936 390,261

51,316,690 1,187,084 37,286 51,274 34,366 54,273 61,847

293,455 152,943 417,600 109,643 102,449 7,663 328,414 1,412,167

Capital (Note 48a) NOP Ratio (Balance Sheet) NOP Ratio (Overall) 2009

31,710,589 0.53% 4.45%

CORPORATE SOCIAL RESPONSIBILITY

Currencies Balance Sheet United States Dollar European Euro Japanese Yen Australian Dollar British Pound Sterling Singapore Dollar Others

Asset 40,089,446 4,074,788 367,718 70,348 58,371 51,865 353,308

Liabilities 40,585,718 4,009,293 33,107 82,493 26,166 52,753 101,697

NOP (496,272) 65,495 334,611 (12,145) 32,205 (888) 251,611 174,617

BRI 2011

Balance sheet and off-balance sheet accounts*) United States Dollar European Euro Japanese Yen Australian Dollar British Pound Sterling Singapore Dollar Others

SUBSIDIARIES

40,238,798 4,074,788 367,718 70,348 58,371 51,865 353,308

40,735,070 4,009,293 33,107 82,493 26,166 52,753 101,697

496,272 65,495 334,611 12,145 32,205 888 251,611 1,193,227

FINANCIAL STATEMENTS FINANCIAL REPORT

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FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 37. RISK MANAGEMENT (continued) Market Risk Management (continued) (b) Exchange Rate Risk (continued)
2009 Currencies Capital (Note 48a) NOP Ratio (Balance Sheet) NOP Ratio (Overall)
*)

COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS

Assets

Liabilities

NOP 22,839,021 0.76% 5.22%

Total absolute differences between Assets and Liabilities denominated in foreign currencies.

Operational Risk Management BRI's operational risk management has an equal position to the credit risk management, market risk and other risks. Operational risk management framework is designed in accordance with BRI’s internal needs with respect to the existing regulations and implementation practices in domestic and multinational banks. BRI's operational risk management process includes the steps of identifying risk issues, measuring the exposure to risk issues, monitoring changes in risk exposures and controlling implementation issues are the core activities of 3 (three) bank’s organizational functions independent from one another. These are Operational Unit (UKO), Risk Management function (MR) and audit functions. BRI has the MR function, whereby an officer is appointed and assigned to coordinate the implementation of risk management in each Division, Regional Office and Branch Office. The role of MR function is to increase the culture of risk awareness through socialization and communication, implementation of risk management process by utilizing determined risk management tools such as the Risk and Control Self Assessment (RCSA), Key Risk Indicators (IRU), Incident Management (MI) and the Risk Management Assessment Forum and Risk Management implementation of maturity level evaluation in the Unit, to monitor implementation of risk management and reporting to the Head of Working Unit and Risk Management Division and implementing Business Continuity Management (BCM) which are parts of risk management tools. In each branch there are 3 (three) MR functions, each focuses on the 3 (three) main activities which are operational, loan (marketing) and micro business. The branch office is the operational working unit with high level of complexity of transactional activity and is BRI’s first line of defense in providing direct services to the customers. Implementation of risk management process in BRI Regional Offices is supported by the Regional Risk Management Group (GMRK), an independent function in ensuring the implementation of risk management. Broadly, GMRK is responsible for coordinating and monitoring training activities, socialization, verification and implementation of risk management process in BRI’s business process as well as management improvement in response to findings of the audit unit.

CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS

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FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

COMPANY PROFILE

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 37. RISK MANAGEMENT (continued) Operational Risk Management (continued) In order to facilitate implementation of BRI’s operational risk management, BRI utilizes the main tool consisting of Risk and Control Self Assessment (RCSA), Key Risk Indicators (IRU) and Loss Event Data (Incident Management (MI)). In addition, 2 (two) tools in supporting the implementation of the Risk Management Forum arrangement and assessment of maturity (level of reliability) function to improve the effectiveness of operational risk management process. BRI’s operational risk information management system utilizes all of the above tools through the application of OPRA (Operational Risk Assessor) that have been implemented in 32 (thirty two) Divisions/Office Desks, Special Branch Offices, 18 (eighteen) Regional Offices, 419 (four hundred and nineteen) Branches. The result of the assessment and recording through OPRA is the subject of analysis of BRI’s operational risk exposure and the effectiveness of its control which is regularly submitted and discussed during the RMC and Operational Risk Management Committee (ORMC) meetings. During the year 2010, ORMC meetings have been held as many as 3 (three) times as a follow up meeting of the RMC. Meetings of ORMC discuss operational risk profile and current risk issues and technical problems in the implementation of operational risk management tools in all work units of BRI. (a) Risk and Control Self Assessment (RCSA) Every operational risk issue assessment is done through self assessment by the heads of working units, qualitative and predictive for 3 (three) months ahead. RCSA assessment method consists of a series of activity measurements of identified operational risk issues by taking into account the impact dimension and occurrence possibility, ensuring the availability and quality of risk control tools, as well as assessing the potential level of implementation effectiveness. Should the assessment results exceed the specified risk tolerance level, head of working unit will arrange follow-up plan (action plan) required according to the determined authority. Management information generated by RCSA among others include the top 10 (ten) risk issues and risk profile details by product, process, specific risks type, organizational structure, Key Performance Indicators (KPI) of products, functional activities and business lines. This risk information is dynamic according to changes in business conditions and are quarterly risk management focus of each BRI’s Division, Regional Office and Branch Office. (b) Key Risk Indicators (KRI) Key risk indicators are useful to facilitate the head of BRI working unit in monitoring the risk condition faced and are potential constraints in the achievement of targets determined. Risk indicators are recorded in internal reports of BRI. Determination of BRI’s risk indicators pay attention to the rules of SMART (specific, measurable, accountability, responsibility and timeliness). Risk indicators provide information on BRI’s risk trends, both predictive (leading) or historical (lagging) and serves as a tool for early detection of an adequate and predetermined action plan while conducting RCSA.

FINANCIAL STATEMENTS FINANCIAL REPORT

BRI 2011

SUBSIDIARIES

CORPORATE SOCIAL RESPONSIBILITY

CORPORATE GOVERNANCE

MANAGEMENT DISCUSSION AND ANALYSIS

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356

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 37. RISK MANAGEMENT (continued) Operational Risk Management (continued) (c) Incident Management (MI) Data collection of occurrence and loss events is designed in the incident management framework. The database covers actual losses, potential and near misses. Losses are identified based on the types of loss, causes, activities, risk types, business lines and categories of BRI’s business processes. Historical loss events also include information on the amount of recovery, litigation and settlement process of BRI’s losses. Information on losses can be compiled in a database matrix of losses covering 8 (eight) business lines and 7 (seven) event types, which is the requirement in calculating capital reserves for operational risk using the Advanced Measurement Approach (AMA). (d) Risk Management Forum (Forum) Forum is a place of meeting among head of working units and subordinates to discuss issues/inherent risks in business or operational activities. The purpose of the forum is to ensure effective implementation of risk management process and to become one of the supports in developing the culture of risk awareness in BRI. Focus of discussion in the forums held in the period of 2010, among others, are potential misuse of user ID and password, fraud in banking operations, achievement of KUR targets and achievement of low-cost funds targets. The working unit is the risk owner determined to follow-up a plan to control the risks mentioned. (e) Maturity Maturity is a support tool that is used in evaluating the maturity level of risk management implementation in the respective operational units during the past year, to be used as a basis for improvement planning of risk management implementation in the future. The assessment is done by the heads of working units through self assessment by answering several questions related to the implementation tools and risk management culture. During the year 2010, maturity level of risk management of all BRI’s working units have the following characteristics: • Each employee has to understand and enforce internal controls in each implementation activity, which is his duty and responsibility. • The MR function has a good understanding of the function and usefulness of RCSA, not merely complying with the regulations of BRI and Bank Indonesia. MR function encounters no obstacles/difficulties in predicting the risk with RCSA. • Each employee has to understand the critical activities that must be maintained continuously in case of disasters and knowledgeable of maintaining the continuity of the activity mentioned. Assessment of operational risk management adequacy is conducted to every new products and on activities that will be marketed or executed according to existing bank regulations. BRI's products and activities during the period of 2010 are e-money BRIZZI and SMART SIM, as well as BRI corporate credit card and BRI bussiness credit card. Assessment of management adequacy by DMR on the product and/or new activities will constitute a criteria for acceptable risk without the need for further study with a characteristic of low level inherent risk, control risk, including tools/ supporting infrastructure to manage risks adequately and completely to obtain low residual risk.

COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS

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357

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

COMPANY PROFILE

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 37. RISK MANAGEMENT (continued) Operational Risk Management (continued) (e) Maturity (continued) BRI’s Business Continuity Management Policy, has been implemented among others by the formation of SK Crisis Management Team, Call Tree and establishment of Alternate Site at each branch office, regional office, as well as the Head Office Division. Disaster response and recovery activities of business operations performed in the event of natural disasters among others landslides in Wasior (Papua), tsunami in Mentawai and eruption of Mount Merapi in Yogyakarta and Central Java. In those areas, BRI units have succeeded in restoring business operations within the expected time. Besides the implementation of recovery operations, BRI is also actively involved in supporting the activities of local governments and agencies involved in handling disaster victims through activities of Corporate Social Responsibility (CSR). Allocation of capital for BRI’s risk exposure is calculated by taking into account existing regulations. Although BRI executes initiatives to meet the requirements of internal approach implementation (Advanced Measurement Approach), currently the calculations are still based on the Basic Indicator Approach (BIA). Other Risk Managements Besides that, BRI also perform management and monitoring of other risks such as reputation risk, compliance risk, legal risk and strategic risk in accordance with Bank Indonesia regulations, in the form as follows: • Reputation risk at corporate level is managed centrally with the objective to identify and report reputational risk profile periodically to the Management. • Compliance risk is essentially inherent in all business and operational activities, particularly those related to legislation and other existing regulation. Therefore, compliance risk is the responsibility of all working units and are managed centrally. • Legal risk at the corporate level is centrally managed to help identify, measure, control and monitor the legal risk. • Strategic Risk at the corporate level is managed by the unit in-charge to fit the strategic plan (corporate plan) and BRI business plan (business plan) of at least 3 (three) years term to monitor and evaluate the implementation. 38. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES The table below presents the comparison of the carrying value and fair value of financial assets and liabilities. The fair values disclosed below are based on relevant information available as of December 31,2010 and are not updated to reflect changes in market conditions which have occurred subsequently. December 31, 2010 Carrying value Fair value 9,975,712 19,989,683 5,658,053 83,272,140

BRI 2011

SUBSIDIARIES

CORPORATE SOCIAL RESPONSIBILITY

CORPORATE GOVERNANCE

MANAGEMENT DISCUSSION AND ANALYSIS

FINANCIAL STATEMENTS FINANCIAL REPORT

Assets Cash Current accounts with Bank Indonesia Current accounts with other banks Placements with Bank Indonesia and other banks

9,975,712 19,989,683 5,658,053 83,272,140

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358

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 38. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (continued) December 31, 2010 Carrying value Assets (continued) Securities Fair value through profit or loss Available-for-sale Held-to-maturity Export bills Government Recapitalization Bonds Available-for-sale Held-to-maturity Securities purchased under agreements to resell Derivatives receivable Loans and sharia receivables and financing Acceptances receivable Investments in shares of stocks*) Other assets**) Fair value

COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS

203,144 13,072,295 9,239,224 734,339 6,026,463 7,600,000 501,381 87,870 238,386,376 660,209 1,099 1,295,744 396,703,732

203,144 13,072,295 9,217,203 734,339 6,026,463 7,685,074 501,381 87,870 238,386,376 660,209 1,099 1,295,744 396,766,785

CORPORATE GOVERNANCE

*) Investments in shares of stocks are investments in shares of stocks using the cost method. **) Other assets consist of interest receivables and other receivables.

Liabilities Liabilities due immediately Deposits from customers Demand deposits Savings deposits Time deposits Deposits from banks and other financial institutions Demand deposits Savings deposits Time deposits and deposits on call Inter-bank call money Securities sold with agreements to repurchase Derivatives payable Acceptances payable Fund borrowings Other liabilities ***) Subordinated loan

CORPORATE SOCIAL RESPONSIBILITY

4,123,639 77,364,476 125,989,750 130,298,171 80,431 7,510 4,066,774 1,005,600 526,365 81,801 666,878 9,454,545 603,789 2,156,181 356,425,910

4,123,639 77,364,476 125,989,750 130,298,171 80,431 7,510 4,066,774 1,005,600 526,365 81,801 666,878 9,454,545 603,789 2,156,181 356,425,910

SUBSIDIARIES BRI 2011

***) Other liabilities consist of interest payables and guarantee deposits.

FINANCIAL REPORT FINANCIAL STATEMENTS

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FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

COMPANY PROFILE

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 38. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (continued) Methods and assumptions used to estimate fair value are as follows: a) The fair values of certain financial assets and liabilities, except for securities and government bonds held to maturity, loans, derivatives receivable and payable, fund borrowings and subordinated loans, approximate their carrying values because they have short-term maturities. The estimated fair values of certain financial assets are determined based on discounted cash flows using money market interest rate for instruments with similar credit risk and remaining maturities. The estimated fair values of certain financial obligations that do not have a quotation in an active market are determined based on discounted cash flows using interest rates of instruments with similar remaining maturities. b) Securities and Government Recapitalization Bonds The fair values of securities and Government Recapitalization Bonds held-to-maturity are determined based on market price or price quotation of intermediary (broker) securities dealers (dealers). If the information is not available, fair values are estimated by using quoted market price securities that have credit characteristics, maturity and yield which are similar. c) Loans BRI's loan portfolio generally consists of loans with floating rate and fixed rate. Loans are stated at carrying amount. The fair value of loans is derived based on discounted future cash flows expected to be received by BRI using current market rates. Carrying value of loans with floating rate and fixed rate is a reasonable estimate of its fair value. d) Derivatives receivable and payable The fair values of derivative instruments are valued by valuation techniques using components that can be observed in the market, primarily are interest rate swaps, currency swaps and currency exchange contracts. Valuation techniques that are most widely used include forward and swap valuation models that use the present value calculation. The models incorporate various components which include the credit quality of the counterparty, exchange spot and forward rates and interest rate curve. e) Fund borrowings and subordinated loans Fair value is calculated based on discounted cash flow models by using market rates for the remaining maturity period.

SUBSIDIARIES

CORPORATE SOCIAL RESPONSIBILITY

CORPORATE GOVERNANCE

MANAGEMENT DISCUSSION AND ANALYSIS

39. THE INITIAL IMPLEMENTATION OF SFAS NO. 50 (REVISED 2006) AND SFAS NO. 55 (REVISED 2006) SFAS No. 50 (Revised 2006), “Financial Instruments: Presentation and Disclosures”, and SFAS No. 55 (Revised 2006), “Financial Instruments: Recognition and Measurement” became effective and applied beginning January 1, 2010. The transitional regulations of the initial implementation of SFAS No. 50 (Revised 2006) and SFAS No. 55 (Revised 2006) are based on Technical Bulletin No. 4 issued by the Indonesian Institute of Accountants, provides the following additional guidance:

FINANCIAL STATEMENTS FINANCIAL REPORT

BRI 2011

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FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 39. THE INITIAL IMPLEMENTATION OF SFAS NO. 50 (REVISED 2006) AND SFAS NO. 55 (REVISED 2006) (continued) 1. Calculation of Effective Interest Rate The calculation of effective interest rate for financial instruments measured at amortized cost that were acquired prior to and still have remaining balance as of January 1, 2010 is calculated by referring to the future cash flows that will be generated from the time SFAS No. 55 (Revised 2006) is first implemented up to the maturity of the financial instruments. 2. Derecognition Financial instruments that have been derecognized prior to January 1, 2010 should not be reevaluated subsequently to determine whether they would meet the derecognition criteria under SFAS No. 55 (Revised 2006). 3. Compound Financial Instruments Compound financial instruments that have existed as of January 1, 2010 should be bifurcated into debt and equity components in accordance with paragraph 11 of SFAS No. 50 (Revised 2006) requirements. The bifurcation should be based on the nature, condition and requirements relating to those financial instruments as of January 1, 2010. 4. Classification of Financial Instruments as Debt or Equity BRI should reassess its financial instruments existing as of January 1, 2010, to determine whether they should be classified as a debt or equity instrument in accordance with the requirements in paragraph 11 of SFAS No. 50 (Revised 2006). 5. Impairment of Financial Instruments As of January 1, 2010, BRI should determine any possible impairment of financial instruments based on conditions existing at that date. Any difference between the impairment resulting from implementation of SFAS No. 55 (Revised 2006) and the impairment calculated based on previous applicable accounting principles is recognized in retained earnings at January 1, 2010. As a result of the initial and prospective implementation of SFAS No. 50 and SFAS No. 55 (Revised 2006), PAPI (Revised 2008) and Technical Bulletin No. 4, BRI has recalculated the allowance for impairment of all financial assets in accordance with the transitional provisions. The difference between the balance of allowance for impairment losses calculated based on SFAS No. 55 (Revised 2006) and the required allowance calculated based on previous standard is adjusted to the opening balance of retained earnings as of January 1, 2010. The recalculation of impairment losses is explained in Note 2f. Details of adjustment on transition date are as follows: January 1, 2010 Impact of transitional adjustments on the implementation of SFAS No. 50 (Revised 2006) and SFAS No. 55 (Revised 2006)

COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES

Before adjustment Assets, net of allowance for impairment losses Current accounts with other banks

After adjustment

BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS

8,990,275

90,810

9,081,085

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FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

COMPANY PROFILE

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 39. THE INITIAL IMPLEMENTATION OF SFAS NO. 50 (REVISED 2006) AND SFAS NO. 55 (REVISED 2006) (continued) January 1, 2010 Impact of transitional adjustments on the implementation of SFAS No. 50 (Revised 2006) and SFAS No. 55 (Revised 2006)

MANAGEMENT DISCUSSION AND ANALYSIS

Before adjustment Assets, net of allowance for impairment losses (continued) Placements with Bank Indonesia and other banks Securities Derivatives receivable Loans Deferred tax assets Equity Retained earnings 40. SEGMENT INFORMATION

After adjustment

CORPORATE GOVERNANCE

40,495,057 24,478,132 143,472 194,242,503 1,915,026 17,834,694

136,233 55,699 1,449 17,266 (71,049) 230,408

40,631,290 24,533,831 144,921 194,259,769 1,843,977 18,065,102

CORPORATE SOCIAL RESPONSIBILITY

Information concerning the geographical segments of BRI are as follows:
As of and for the year ended December 31, 2010 Domestic Earning assets (gross) Total assets Deposits Fund borrowings Equity Interest income - net Income from operations Net income 387,486,564 399,209,206 333,831,851 9,454,545 36,673,110 32,872,868 14,402,001 11,472,385 Overseas 5,353,275 6,015,175 5,219,241 21,385 50,126 22,849 21,698 Elimination (4,410,319) (938,779) (238,380) (21,385) (34,391) (22,849) (21,698) Total 388,429,520 404,285,602 338,812,712 9,454,545 36,673,110 32,888,603 14.402,001 11,472,385

SUBSIDIARIES

As of and for the year ended December 31, 2009 Domestic Earning assets (gross) Total assets Deposits Fund borrowings Equity Interest income - net Income from operations Net income 307,143,530 314,537,518 258,195,936 13,611,399 27,257,381 23,038,271 8,560,659 7,308,292 Overseas 2,816,532 3,591,356 2,343,832 78,710 45,553 12,260 43,590 Elimination (733,637) (1,181,845) (161,600) (78,710) (34,329) (12,260) (43,590) Total 309,226,425 316,947,029 260,378,168 13,611,399 27,257,381 23,049,495 8,560,659 7,308,292

FINANCIAL STATEMENTS FINANCIAL REPORT

BRI 2011

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362

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 41. EMPLOYEES PROGRAM a. Defined Benefit Pension Plan (PPMP) Effective as of January 1, 2007, all newly appointed permanent employees are not included in the PPMP program. Under this program, the right on pension benefit is given based on the established conditions which are stated in the regulation with consideration of the yearly gratuity factor over the working period, and income on the Pension Fund. BRI’s pension plan is managed by Dana Pensiun BRI (DPBRI). According to the regulation in the BRI’s Directors’ Decision Letter, the employee’s contribution for pension contribution amounted to 7% of the employee’s pension-based salary and any remaining amount required to fund DPBRI represents the contribution by BRI, whereby the contribution of BRI since May 1, 2010 amounted to 18,91% (previously 16,24%). This is due to the increase in pension benefits which amounted to Rp1,000,000 (full Rupiah), effective on May 1, 2010. The actuarial calculation of BRI’s pension costs as of December 31, 2010 and 2009, was prepared by PT Bestama Aktuaria and PT Katsir Imam Sapto Sejahtera Aktuaria, independent actuaries, in their reports dated January 26, 2011 and January 28, 2010, respectively, which are stated in accordance with SFAS No. 24 (Revised 2004), by using the “Projected Unit Credit Method” and considered the following assumptions: 2010 Annual discount rate Annual pension-based salary growth rate Annual pension benefit growth rate Mortality rate Disability rate Normal retirement age 2009

COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE

9.0% 10.0% 7.5 7.5 4.0 4.0 CSO 1958 CSO 1958 10.0% of CSO 1958 10.0% of CSO 1958 56 years 56 years

CORPORATE SOCIAL RESPONSIBILITY

The assets of DPBRI mainly consist of time deposits, securities and long-term investments in the form of shares of stocks and property. The status of the pension plan based on the actuarial calculation is as follows: 2010 Assets at fair value Present value of defined benefit pension liabilities Pension program funded status Gain on unrecognized actuarial adjustments Unrecognized past service cost (non-vested) Unrecognized liabilities of defined benefit pension 8,785,181 (8,400,544) 384,637 (732,773) 89,569 (258,567) 2009 7,578,545 (6,821,484) 757,061 (887,840) (130,779)

SUBSIDIARIES

The movements in the defined benefit pension liabilities for the years ended December 31, 2010 and 2009 are as follows: 2010 2009 Beginning balance Defined benefit pension expense - net (Note 33) BRI contributions Ending balance (Note 25) 127
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BRI 2011

130,779 276,275 (148,487) 258,567

269,636 (138,857) 130,779

363

FINANCIAL REPORT FINANCIAL STATEMENTS

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

COMPANY PROFILE

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 41. EMPLOYEES PROGRAM (continued) a. Defined Benefit Pension Plan (PPMP) (continued) Defined benefit pension expense as of December 31, 2010 and 2009 based on the actuarial calculation is as follows: 2010 Current service cost Interest cost Expected return on plan assets Recognized actuarial gain - net Immediate recognition of past service cost - vested Defined benefit pension expense (Note 33) b. Old-Age Benefits Plan BRI’s employees are also given old-age benefits (THT) based on the regulation as stated in the decision letter by the Directors of BRI. BRI’s old-age benefits plan is managed by Yayasan Kesejahteraan Pegawai BRI. Old-age benefit contributions consist of payments from the employees and BRI’s contributions in accordance with the requirements of the Decision Letter of the Directors of BRI. Based on the actuarial calculation of BRI’s old-age benefits as of December 31, 2010 and 2009 which was prepared by PT Bestama Aktuaria and PT Katsir Imam Sapto Sejahtera Aktuaria, independent actuaries, in their reports dated January 26, 2011 and January 28, 2010, respectively, which have been stated in accordance with SFAS No. 24 (Revised 2004), by using the “Projected Unit Credit Method” with the following assumptions: 2010 Annual discount rate Gross wages growth rate Mortality rate Disability rate 9.0% 7.5 CSO 1958 10.0% of CSO 1958 2009 10.0% 7.5 CSO 1958 10.0% of CSO 1958 156,281 682,148 (795,747) (10,198) 243,791 276,275 2009 107,441 672,972 (625,642) 114,865 269,636

CORPORATE SOCIAL RESPONSIBILITY

CORPORATE GOVERNANCE

MANAGEMENT DISCUSSION AND ANALYSIS

The status of the old-age benefits as of December 31, 2010 and 2009 based on the actuarial calculation is as follows: 2010 Assets at fair value Present value of old-age benefits liability Funded status Unrecognized actuarial gain Prepaid old-age benefits 2,182,880 (1,031,664) 1,151,216 1,151,216 2009 2,077,426 (999,122) 1,078,304 1,078,304

FINANCIAL STATEMENTS FINANCIAL REPORT

BRI 2011

SUBSIDIARIES

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FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 41. EMPLOYEES PROGRAM (continued) b. Old-Age Benefits Plan (continued) Old-age benefits expense as of December 31, 2010 and 2009 based on the actuarial calculation is as follows: 2010 Current service cost Interest cost Expected return on plan assets Net actuarial losses (gain) recognized Deferred assets Old-age benefits expense 14,699 99,912 (186,968) 48,071 72,912 48,626 2009 51,077 99,312 (193,033) (51,189) 141,091 47,258

COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS

As of December 31, 2010 and 2009, BRI did not recognize the prepaid old-age benefits and the income of old-age benefits as BRI management has no benefits on those assets and has no plans to reduce its contributions in the future. c. Defined Contribution Pension Plan The employees of BRI are also included in the defined contribution pension plan in accordance with the BRI Directors’ decision which was effective in October 2000. BRI’s contributions to the plan that are reported in the consolidated statements of income amounted to Rp680,318 and Rp116,074 for the years ended December 31, 2010 and 2009, respectively (Note 33). This pension plan is managed by Dana Pensiun Lembaga Keuangan BRI. d. Work Separation Scheme (i) BRI (Parent Company) Based on the BRI management calculation which used the actuarial valuation assumptions on BRI’s liability related to the allowance for cost settlement of separation pay (PHK) including severance, gratuity and compensation benefits based on Labor Law No. 13 year 2003 (UU No. 13/2003) for liability as of December 31, 2010 and 2009. The above actuarial calculation was prepared by PT Bestama Aktuaria and PT Katsir Imam Sapto Sejahtera Aktuaria, independent actuaries, in their reports dated January 26, 2011 and January 28, 2010, respectively, by using the “Projected Unit Credit Method” with the following assumptions: 2010 Annual discount rate Gross wages future growth rate Mortality rate Disability rate 9.0% 7.5 CSO 1958 10.0% of CSO 1958 2009 10.0% 7.5 CSO 1958 10.0% of CSO 1958

CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES

The status of the work separation scheme based on the actuarial calculation is as follows: 2010 Present value of work separation liability Unrecognized actuarial gains or losses Work separation scheme liability (259,300) (245,470) (504,770) 2009 (537,196) 75,575 (461,621)

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FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

COMPANY PROFILE

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 41. EMPLOYEES PROGRAM (continued) d. Work Separation Scheme (continued) (i) BRI (Parent Company) (continued) The movements in the work separation December 31, 2010 and 2009 are as follows: Beginning balance Work separation scheme expense - net (Note 33) Actual benefit payments by BRI Ending balance (Note 25) scheme liability 2010 461,621 69,320 (26,171) 504,770 for the years 2009 435,873 64,831 (39,083) 461,621 ended

MANAGEMENT DISCUSSION AND ANALYSIS

CORPORATE GOVERNANCE

The calculation of work separation scheme expense based on the actuarial calculation is as follows: 2010 Current service cost Interest cost Recognition of current year losses Work separation scheme expense (Note 33) (ii) Subsidiary The subsidiary provides the work separation scheme based on the provisions of Labor Law No. 13/2003 dated March 25, 2003. The following tables summarize the components of the work separation scheme expense recognized in the consolidated statements of income and recognized in the consolidated balance sheets for the work separation scheme liability as of December 31, 2010 and 2009, as determined by PT Katsir Imam Sapto Sejahtera Aktuaria, an independent actuary, in its reports dated February 16, 2011 and February 10, 2010, respectively, by using the “Projected Unit Credit Method” with the following assumptions: 2010 2009 10.0% 7.0 TMI-II 1999 Annual discount rate Gross wages future growth rate Mortality rate 10.0% 5.0 TMI-II 1999 19,356 48,347 1,617 69,320 2009 15,408 49,072 351 64,831

SUBSIDIARIES

CORPORATE SOCIAL RESPONSIBILITY

As of December 31, 2010 and 2009, the status of the work separation scheme based on the actuarial calculation is as follows: 2010 Present value of work separation liability Accumulation of unrecognized actuarial gain Work separation scheme liability (5,631) (5,009) (10,640) 2009 (3,053) (4,066) (7,119)

FINANCIAL STATEMENTS FINANCIAL REPORT

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These consolidated financial statements are originally issued in the Indonesian language.

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 41. EMPLOYEES PROGRAM (continued) d. Work Separation Scheme (continued) (ii) Subsidiary (continued) The movements in the work separation December 31, 2010 and 2009 are as follows: scheme liability 2010 Beginning balance Work separation scheme expense - net (Note 33) Actual benefit payments Ending balance (Note 25) 7,119 4,117 (596) 10,640 for the years 2009 6,363 1,898 (1,142) 7,119 ended

COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE

The work separation scheme expense for the years ended December 31, 2010 and 2009 based on the actuarial calculation is as follows: 2010 Current service cost Interest cost Amortization of accumulated actuarial (gains) losses Work separation scheme expense (Note 33) e. Other Long-term Employee Benefits BRI employees also have long-term employee benefits, such as gratuity for services, grand leaves and pension preparation period (MPP). (i) Provision for gratuity for services The actuarial calculation on gratuity for services as of December 31, 2010 and 2009 was prepared by PT Bestama Aktuaria and PT Katsir Imam Sapto Sejahtera Aktuaria, independent actuaries, in their reports dated January 26, 2011 and January 28, 2010, respectively, by using the “Projected Unit Credit Method” with the following assumptions: 2010 Annual discount rate Gross wages future growth rate Gold price growth rate Mortality rate Disability rate 9.0% 7.5 7.0 CSO 1958 10.0% of CSO 1958 2009 10.0% 7.5 7.0 CSO 1958 10.0% of CSO 1958 4,002 305 (190) 4,117 2009 2,019 169 (290) 1,898

CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES

The present value of obligation for gratuity for services based on the actuarial calculation amounted to Rp548,777 and Rp463,682 as of December 31, 2010 and 2009, respectively.

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569) 626.553 182.335 2009 27. independent actuaries. 2011 and January 28. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.256 CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES 10. in their reports dated January 26. EMPLOYEES PROGRAM (continued) e.777 for the years 2009 383. The movement of allowance for grand leaves as of December 31. respectively.2010 and 2009 based on the actuarial calculation is as follows: 2010 Current service cost Interest expense Recognized actuarial losses Gratuity for services expense (Note 33) (ii) Grand Leaves i.422 FINANCIAL STATEMENTS FINANCIAL REPORT 580. BRI 2011 2009 491.368 44.422 as of December 31.0% 7. respectively.256 (35.0% dari CSO 1958 10.313 50.766 46.908 (94. Other Long-term Employee Benefits (continued) (i) Provision for gratuity for services (continued) The movements in the provision for gratuity for services December 31. 2010 and 2009 was prepared by PT Bestama Aktuaria and PT Katsir Imam Sapto Sejahtera Aktuaria.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.net (Note 33) Benefit payments by BRI Gratuity for services liability (Note 25) 463. 2010.199 and Rp580.0% dari CSO 1958 The present value of obligation for grand leaves based on the actuarial calculation amounted to Rp626.682 123.335 (38.5 CSO 1958 2009 10. 2010 and 2009.net (Note 33) Benefit payments by BRI Grand leaves liability (Note 25) 132 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.0% 7.201 123.821 116.422 90.199 368 . respectively.682 ended MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE The gratuity for service expense as of December 31.5 CSO 1958 32.122 38.240) 548.346 (44. is as follows: 2010 Beginning balance of liability Grand leaves expense .039) 580. 2010 and 2009 (Expressed in millions of Rupiah.134 116. BRI (Parent Company) The actuarial calculation for grand leaves as of December 31. by using the “Projected Unit Credit Method” with the following assumptions: 2010 Annual discount rate Gross wages future growth rate Mortality rate Disability rate 9. unless otherwise stated) 41. 2010 and 2009 are as follows: 2010 Beginning balance of liability Gratuity for service expense .708) 463. 2010 and 2009.

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2010 and 2009 based on the actuarial calculation is as follows: 2010 Current service cost Interest expense Recognized actuarial losses Grand leaves expense (Note 33) ii.0% 7. respectively.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. EMPLOYEES PROGRAM (continued) e.0 TMI-II 1999 55. The movements in the provision for grand leaves for the years ended December 31.535 58. by using the “Projected Unit Credit Method” with the following assumptions: 2010 Annual discount rate Gross wages future growth rate Mortality rate 10.0% 5.0 TMI-II 1999 2009 10. 2010 and 2009.386 2009 SUBSIDIARIES 808 808 BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 133 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Subsidiary The Subsidiary also provides the grand leaves program to its employees as one of their benefit. 2010.042 (23.231) 90. 2010 and 2009 was prepared by PT Katsir Imam Sapto Sejahtera Aktuaria.908 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY The present value of obligation for grand leaves based on the actuarial calculation amounted to Rp2.578 2. 2010 and 2009 (Expressed in millions of Rupiah. Other Long-term Employee Benefits (continued) (ii) Grand Leaves (continued) i. 2011 and February 10.346 2009 55. The actuarial calculation for grand leaves as of December 31.155 78.386 and Rp808 as of December 31. BRI (Parent Company) (continued) The grand leaves expense for the years ended December 31.net (Note 33) Ending balance (Note 25) 808 1. an independent actuary. unless otherwise stated) 41.687 182. 2010 and 2009 are as follows: 2010 Beginning balance Grand leaves expense . in its reports dated February 16. respectively.066 49. 369 .

2010. respectively. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.569 and Rp957. 2011 and January 28. in their reports dated January 26.0% 7. respectively.750 as of December 31.578 2009 532 30 246 808 CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS The present value of obligation for provision for pension preparation period based on the actuarial calculation amounted to Rp878. 2010 and 2009 (Expressed in millions of Rupiah.569 803.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.0% of CSO 1958 1.750 16.608 (95.670 238. 2010 and 2009.0% of CSO 1958 2009 10. The movements in the provision for pension preparation period for the years ended December 31.0% 7.506 73 (1 ) 1. Other Long-term Employee Benefits (continued) (ii) Grand Leaves (continued) ii. 370 .789) 878. by using the “Projected Unit Credit Method” with the following assumptions: 2010 Annual discount rate Gross wages future growth rate Mortality rate Disability rate 9. unless otherwise stated) 41.5 CSO 1958 10.845) 957. 2010 and 2009 are as follows: 2010 2009 Beginning balance of liability Pension preparation period expense . independent actuaries. 2010 and 2009 was prepared by PT Bestama Aktuaria and PT Katsir Imam Sapto Sejahtera Aktuaria.5 CSO 1958 10. 2010 and 2009 based on the actuarial calculation is as follows: 2010 Current service cost Interest expense Amortization of unrecognized past service cost (non-vested) Amortization of accumulated actuarial gains Grand leaves expense (Note 33) (iii) Pension preparation period The actuarial calculation of pension preparation period as of December 31. Subsidiary (continued) The grand leaves expense of Subsidiary for the years ended December 31.net (Note 33) Benefit payments by BRI Pension preparation period liability (Note 25) 957.750 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES 134 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. EMPLOYEES PROGRAM (continued) e.925 (84.

unless otherwise stated) 41.517 4.358.368 2.925 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE 38.401 57.148 (1.801.186.169 (43.003 3.513 43.573.367 110.169) 50.net Contingencies Contingent Receivables Interest receivables under settlement Others Total Contingent Receivables Contingent Liabilities Guarantees issued (Note 24c) in the form of: Standby letters of credit Bank guarantees Total Contingent Liabilities Contingencies .926 2.869 SUBSIDIARIES 3.608 2009 48.371 (2.418.336.790 (57.218 1.399. INFORMATION ON COMMITMENTS AND CONTINGENCIES 2010 Commitments Commitment Liabilities Unused credit facilities granted to debtors Outstanding irrevocable letters of credit (Note 24c) Others Total Commitment Liabilities Commitments .299 1.086.016 602. 371 .775 (125.486.137) 1.465.033. 2010 and 2009 (Expressed in millions of Rupiah.552) 16. Other Long-term Employee Benefits (continued) (iii) Pension preparation period (continued) Pension preparation period expense based on the actuarial calculation is as follows: 2010 Current service cost Interest expense Recognized actuarial losses (gains)/ losses Pension preparation period expense (Note 33) 42.165 80.230.279 2. EMPLOYEES PROGRAM (continued) e.230.790) CORPORATE SOCIAL RESPONSIBILITY 756. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.199 44.675.033.373 478.net 2009 46.932.385 95.393 238.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.190 6.849) BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 135 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.590.139 111.443.154.234 1.

2010 and 2009 (Expressed in millions of Rupiah.130 809.492 0. BRI engages in significant transactions with related parties as follows: 2010 Assets Placements with Bank Indonesia and other banks (Note 6) PT BTMU-BRI Finance Loans (Note 12) PT Bringin Srikandi Finance PT Bringin Indotama Sejahtera Finance PT Bringin Karya Sejahtera PT Bringin Gigantara Key Employees Investment in shares of stocks (Note 14) PT BTMU-BRI Finance Total assets from related parties Total consolidated assets Percentage of total assets from related parties to total consolidated assets Liabilities Demand deposits (Note 18) Savings deposits (Note 19) Time deposits (Note 20) Total liabilities to related parties Total consolidated liabilities Percentage of liabilities to related parties to total consolidated liabilities 2009 215.077 134.200% 6.868 316. Related parties by entity and/or management: Related parties PT BTMU-BRI Finance PT Bringin Srikandi Finance PT Bringin Indotama Sejahtera Finance PT Bringin Gigantara PT Bringin Karya Sejahtera Yayasan Kesejahteraan Pegawai BRI Key Employees Nature of relationship Ownership Ownership by Dana Pensiun BRI Ownership by Dana Pensiun BRI Ownership by Dana Pensiun BRI Ownership by Dana Pensiun BRI Management Corporate activities controller MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE In the course of its business. 372 .207 404.000 194.029 0.285.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.182 192.445 367.135 482.093 289.391 111.266 191.947.989 28.432 20.249% 5.483 69.477 789.804 460.602 0.612.525 247. unless otherwise stated) 43.910 541.971 87.218 158.000 187.689. RELATED PARTIES TRANSACTIONS Related parties consist of the management or key personnel of BRI and entities that are owned directly or indirectly by BRI.648 0.652 5. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.147% 193.085% FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 136 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.302 50.400 52.737 485.

Board of Commissioners and executive officers (Note 33) 54.147% 0.017 0. COMMITMENTS AND CONTINGENCIES a. 2010 and 2009.162 2009 52. with a contract value of Rp72. BRI has insured its premises and equipment with PT Asuransi Bringin Sejahtera Arthamakmur (a related party).066 0.406. On December 31.153 0. 373 . RELATED PARTIES TRANSACTIONS (continued) 2010 Salaries and allowances of the Directors and Board of Commissioners (Note 33) Tantiem.200% 0.420 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 188.033 0. 2010 and 2009 (Expressed in millions of Rupiah.987 The percentage of transactions with related parties over the total consolidated assets and liabilities of BRI are as follows: 2010 2009 Assets Placements with Bank Indonesia and other banks Loans Investment in shares of stocks Total Liabilities Demand deposits Savings deposits Time deposits Total 0.035 0. bonuses and incentives of the Directors. 44. 2008.002% 0.114 0. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 137 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BRI entered into an agreement with PT Citra Sari Makmur (CSM) in accordance with the procurement of VSAT communication services for Brinets implementation at 126 (one hundred twenty six) BRI working unit locations for 3 (three) years. BRI entered into an agreement with PT Satkomindo Mediyasa in accordance with the procurement of Multiprotocol Label Switching (MPLS) communication services in 102 (one hundred and two) BRI working unit locations and VSAT networking services in 453 (four hundred fifty three) BRI working unit locations for 3 (three) years.053% 0.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.131 0. Communication Services Agreement On June 2.002% 0. with a contract value of Rp365 per month.014 0. SIGNIFICANT AGREEMENTS.887 159.061% 0.085% CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY As of December 31.249% 0. unless otherwise stated) 43. 2008.

2005. BRI entered into an agreement with PT Satkomindo Mediyasa in accordance with the procurement of VSAT communication service in 982 (nine hundred eighty two) locations for 3 (three) years.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2010. In accordance with Regulation No. BRI believes that based on information currently available. time deposits and borrowings from other banks in the form of inter-bank money market transactions. The Decision Letter No. COMMITMENTS AND CONTINGENCIES (continued) a. the Ministry of Finance will announce to the public the expiry and/or change in the guarantee program. BRI is a defendant in various litigation actions and legal claims mainly with respect to matters of contractual compliance. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 138 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 26 of 1998 as implemented by the Ministry of Finance Decision dated January 28. 84/KMK. For this guarantee. unless otherwise stated) 44. with a contract value of Rp64. Management believes that the provision is adequate to cover possible losses arising from pending litigations. this guarantee is valid from January 26. On August 31.454. 2000 from the Ministry of Finance of the Republic of Indonesia. 179/KMK. 2000. Based on the latest amendment under the Decree of the Ministry of Finance Decision No. 2010 and 2009 (Expressed in millions of Rupiah. of the Director of Bank Indonesia and Head of IBRA. the Government provided a guarantee on certain obligations of all locally incorporated commercial banks.189 and Rp314. financial position or liquidity level of BRI. BRI has established a provision (included in “Other Liabilities”) for several pending lawsuits filed against BRI amounting to Rp517. 2004. Communication Services Agreement (continued) On December 31. 2001 and with automatic extension of the guarantee period continuously every 6 (six) months. concerning the “Conditions and Procedures in the Implementation of Government Guarantee for the Payment of Obligations of Commercial Banks” was amended by the Ministry of Finance Decision Letter No. unless within 6 (six) months before the maturity of the guarantee period or its extension period. 45. SIGNIFICANT AGREEMENTS. b.05/2005 dated March 3. 1/BPPN/1998 dated March 6. savings deposits. 2008. 2010 and 2009.06/2004 dated February 27. 2005 of the Ministry of Finance. or legal claims that are currently in progress.298.017/2000 dated May 26. Contingent Liabilities In the conduct of its business. Procedures and Policy in the Implementation of Government Guarantee for the Payment of Obligations of Commercial Banks”. BRI entered into an agreement with PT Aplikanusa Lintasarta in accordance with the procurement of IP-VPN MPLS communication service in 15 (fifteen) BRI working unit locations and VSAT networking service in 796 (seven hundred ninety six) BRI working unit locations for 3 (three) years. 179/KMK. respectively (Note 25). 374 . the payment for the guarantee premium which was previously paid through the Indonesian Bank Restructuring Agency which was changed to make the payment through the Government Guarantee Implementation Unit (UP3). commercial bank obligations guaranteed by the Government Guarantee Program include demand deposits. concerning the “Conditions.017/2000 dated May 26. 1998 up to January 31. As of December 31. the ultimate resolution of these legal proceedings and legal claims will not likely have a material effect on the operations. among others. GOVERNMENT GUARANTEE ON OBLIGATIONS OF COMMERCIAL BANKS Based on Presidential Decision No. the Government charges premium which is computed based on a certain percentage in accordance with the prevailing regulations. starting April 18. 1998. 30/270/KEP/DIR and No. The changes consist of. with a contract value of Rp92. Although there is no clear assurance yet.791. 17/PMK. 1998 and the Joint Decrees No.

In accordance with Government Regulation No. Segment information is disclosed to enable the users of financial statements to evaluate the nature and financial effects of the business activities in which the entity engages and the economic environments in which it operates. SFAS No. GOVERNMENT GUARANTEE ON OBLIGATIONS OF COMMERCIAL BANKS (continued) The Government Guarantee Program through UP3 has ended on September 22. REVISED STATEMENTS OF FINANCIAL ACCOUNTING STANDARDS The following summarizes the revised Statements of Financial Accounting Standards (SFAS) which were issued by the Financial Accounting Standards Board (DSAK) and are relevant to the Bank. f. 139 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 2006 regarding “Government Guarantee Program on Savings Account”. ”Interim Financial Reporting”. 2004 regarding “Deposit Insurance Corporation”. 2005 based on Regulation No. COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY d. SFAS No.05/2005 dated August 10. “Related Party Disclosures”. prescribes the basis for presentation of general purpose financial statements to ensure comparability both with the entity’s financial statements of previous periods and with the financial statements of other entities. in which LPS guarantees public funds including funds from other banks in the form of demand deposits. SFAS No. 2008 regarding “The Amount of Public Savings Guaranteed by the Indonesia Deposit Insurance Corporation”. Based on LPS regulation No. Early application is allowed. 375 SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS . an independent agency. 2010 and 2009 (Expressed in millions of Rupiah. SFAS No. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. transactions and outstanding balances. 66 of 2008. 5 (Revised 2009). jointly controlled entities and associates when separate financial statements are presented as an additional information. and not yet effective up to the date of completion of financial statements: Effective on or after January 1. investing and financing activities. prescribes the minimum contents of an interim financial report and the principles for recognition and measurement in complete or condensed financial statements for an interim periods. requires the provision of information about the historical changes in cash and cash equivalents by means of a statement of cash flows which classifies cash flows during the period into operating. unless otherwise stated) 45. 24 of 2004 dated September 22. c. shall be applied in the preparation and presentation of consolidated financial statements for a group of entities under the control of a parent and in accounting for investments in Subsidiaries. “Presentation of Financial Statements”. 1 (Revised 2009). b. 4 (Revised 2009). 1/PLPS/2006 dated March 9. certificates of deposits. Requires disclosure of related party relationships. 3 (Revised 2010). dated October 13.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. the total amount of customers’ savings account in banks which is guaranteed by the Government has increased to Rp2 billion. 2005 of the Ministry of Finance regarding the “Calculation and Payment of Premium on Government Guarantee Program on the Payment of Obligations of Commercial Banks” for the period of July 1 up to September 21. 2 (Revised 2009). 2011: a. from the previous Rp100 million. “Consolidated and Separate Financial Statements”. savings deposits and/or other similar forms. 7 (Revised 2010). SFAS No. “Operating Segments”. effective on the date stated above. The Government has established the Indonesia Deposit Insurance Corporation (LPS). and also applies to individual financial statements. SFAS No. e. “Statements of Cash Flows”. 46. including commitments in the consolidated and separate financial statements of a parent. 68/PMK. the balance of savings account guaranteed for each customer has a maximum of Rp100 million. 2005. to replace UP3 based on Law No. time deposits.

CORPORATE SOCIAL RESPONSIBILITY l.Website Costs”. IFAS No. Prescribes the accounting treatment of revenue arising from certain types of transactions and events. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. the specified criteria are met. contingent liabilities and contingent assets and to ensure that sufficient information is disclosed in the notes to financial statements to enable users to understand the nature. CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS j. p. "Events After Reporting Period". Contingent Liabilities and Contingent Assets”. Prescribes the accounting treatment for intangible assets that are not dealt with specifically in another SFAS. IFAS No. The website that results from internal research and development. SFAS No. and disclosure about financial statement date authorized for publication and events after the reporting period. requires that an entity does not reverse an impairment loss recognized in prior interim periods related to goodwill or investments in equity instruments or financial assets carried at cost. Aims to regulate the recognition and measurement of provisions. 57 (Revised 2009). k. may be internally or externally accessed represent intangible assets. 2010 and 2009 (Expressed in millions of Rupiah. m. SFAS No. SFAS No. replacing SFAS No. "Investments in Associated Entities". will be applied in accounting for investments in associates. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES 140 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 22 (Revised 2010). “Business Combinations”. Prescribes the procedures applied to ensure that assets are not recorded more than their recoverable amount and if the assets are impaired. timing and amount related to the information. 48 (Revised 2009). 19 (Revised 2010). "Interim Financial Statements and Impairment". n. h. prescribes when an entity should adjust its financial statements for events after the reporting period. “Provisions. o. reliability and comparability of the information that a reporting entity provides in its financial statements about a business combination and its effects. SFAS No. 2011 (continued): g. SFAS No. The internal costs to produce and operate the website will be recorded in accordance with SFAS No. and only if. explained about the accounting by entities that provide rewards points to customers. SFAS No. Applies to a transaction or other event that meet the definition of a business combination to improve the relevance. revenue will be recognized. SFAS No. "Customer Loyalty Program". Interpretation of Financial Accounting Standards (IFAS) No. 10. 19 (Revised 2010). 17. 8 (Revised 2010). 14. unless otherwise stated) 46. and also specifies how to measure the carrying amount of intangible assets and related disclosures. 40 (1997) "Accounting for Changes in Equity of Subsidiary/Association". “Impairment of Assets”. This standard requires that an entity should not prepare financial statements on the going concern basis if events after the reporting period indicate that the application of the going concern assumption is not correct. “Intangible Assets”. therefore. i. Provides practical guidance on the application of the criteria on revenue recognition. 23 (Revised 2010). 15 (1994) "Accounting for Investments in Associated Companies" and SFAS No. an impairment loss should be recognized. “Revenue”.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. It requires the recognition of an intangible asset if. “Intangible Assets . Identifies the circumstances in which the criteria on revenue recognition will be met and. 376 . REVISED STATEMENTS OF FINANCIAL ACCOUNTING STANDARDS (continued) Effective on or after January 1. 15 (Revised 2009).

24 (Revised 2010). b. ”Employee Benefits”. SFAS No. prescribes the accounting treatment for income tax in calculating the tax consequences of current and future recovery or settlement of the carrying amount of an asset (liability) in the future that are recognized in the consolidated financial position. e. f. 50 (Revised 2010). SFAS No. "Share . “Accounting for Government Grants and Disclosures of Government Assistance”. 24 (Revised 2010). IFAS No. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. “Government Assistance . establish the principle of the presentation of financial instruments as liabilities or equity and for offsetting financial assets and financial liabilities. SFAS No. "Financial Instruments: Presentation". unless otherwise stated) 46. “SFAS No. "Employee Benefits". provides guidance on how to assess the limit on the amount of surplus in a defined scheme that can be recognized as an asset under SFAS No. 18 (Revised 2010).Based Payment". COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS d.The Limit on a Defined Benefit Asset. 2012: a. 46 (Revised 2010). h. SFAS No. Minimum Funding Requirements and their Interaction”. prescribes how an entity should account for the current and deferred tax consequences of a change in tax status of entities or its shareholders. i. BRI 2011 The Bank is evaluating the impact of these revised standards and has not yet determined the effect on the consolidated financial statements. 377 . 60. 61. “Income Taxes . SFAS No. IFAS No. This standard complements SFAS No. 2010 and 2009 (Expressed in millions of Rupiah. “Accounting for Government Grants and Disclosures of Government Assistance”. 24 (Revised 2010).Changes in the Tax Status of an Entity or its Shareholders”. SFAS No. government grants and in the disclosures of other forms of government assistance. 53 (Revised 2010). SFAS No. c. 20. even if there are no conditions specifically relating to the operating activities of the entity other than the requirement to operate in certain regions or industry sectors. SFAS No. prescribes government grants to entities that meet the definition of government grants in SFAS No. applies in the accounting for. and in the disclosures of. establishes the accounting and disclosure for employee benefits.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. REVISED STATEMENTS OF FINANCIAL ACCOUNTING STANDARDS (continued) Effective on or after January 1. IFAS No. 24 . "Accounting for Construction Contracts". "Accounting and Reporting by Retirement Benefit Plans". as well as transactions and other events in the period is now recognized in the financial statements. 34 (Revised 2010). "Accounting for Income Taxes". "Financial Instruments: Disclosures" requires disclosures in the financial statements that enable users to evaluate the significance of financial instruments on the position and financial performance. establishes the accounting and reporting by the plan to all participants as a group. 61. k. FINANCIAL REPORT FINANCIAL STATEMENTS 141 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 18. CORPORATE GOVERNANCE g. CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES j. specifies the financial reporting by an entity when it undertakes a share-based payment transaction. 15. prescribes the accounting treatment of revenues and costs associated with construction contracts. "Employee Benefits ". and the type and extent of risks arising from financial instruments in which the entity is exposed during the period and at the end of the reporting period and how the entity manages those risks.No Specific Relation to Operating Activities”.

358 31. 49.589 20. banks which meet certain criteria should consider market risk in the computation of CAR and include additional supplementary capital. 2001.231 4.673.992. 42 and SFAS No. SFAS No.494. 2010 is 13. calculated as follows (unaudited): 2010 2009 Capital *) Core Capital **) Supplementary Capital Total Capital for Credit. 3/21/PBI/2001 dated December 13.718 29. 4. 5/12/PBI/2003 dated July 17.846. 2010 and 2009 (Expressed in millions of Rupiah. 10/15/PBI/2008 dated September 24. ”Revocation of IFAS No. Market and Operational Risks 27. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. market and operational risks.179.138 1. 2010 that are relevant to the Bank are as follows: a. 06: Interpretation of Paragraphs 12 and 16 of SFAS No. SFAS No. 31 (Revised 2000).129 9. The revocation of the prevailing SFAS applies to all entities that implement SFAS No. 2010.129 After Reclassification 20.76% for credit.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 378 .997. 47. Revocation of SFAS No.710.839.773. 55 (Revised 1999) regarding Embedded Derivative Instruments in Foreign Currency Contracts”. 2009 is 13.20% for credit and market risks. Therefore.85% for CAR with credit and operational risks and 13.263 52.836 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 142 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Based on Bank Indonesia Regulation No.675 20.277. the cash and cash equivalents components have been modified as described in Note 2a. CAR of BRI (Parent Company) as of December 31. 2008. 5. Revocation of SFAS No.037. b.30% for CAR with credit risk and 13. OTHER DISCLOSURES a.021 1. REVISED STATEMENTS OF FINANCIAL ACCOUNTING STANDARDS (continued) Revocation of Statement of Financial Accounting Standards (PSFAS) issued by DSAK effective from January 1. while as of December 31. the total capital for credit risk consist of core capital and supplementary capital net of investment in shares of stocks.883 22. which was amended with PBI No. RECLASSIFICATION OF CONSOLIDATED STATEMENTS OF CASH FLOWS Effective January 1. 2003. Capital Adequacy Ratio (CAR) CAR is the ratio of capital to Risk Weighted Assets (RWA). the comparative consolidated statements of cash flows for the year ended December 31. 2009 have been reclassified: 31 December 2009 Before Reclassification Net cash provided by operating activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year 48. 49: Accounting for Mutual Funds”. unless otherwise stated) 46. ”Revocation of SFAS No.116. 31 (Revised 2000): Accounting for Banks. Based on Bank Indonesia Regulation No. 42: Accounting for Securities Companies and SFAS No.

CORPORATE SOCIAL RESPONSIBILITY b. And Market Risks 201. 91/PM/1996 dated April 11. 2001.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.109 1.893 173.013.76% 8.130. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2010. Custodian Operations and Selling Agent BRI has rendered custodian services since 1996 based on its operating license through Bapepam Chairman Decision Letter No.85% 13.75 2009 3. Capital Adequacy Ratio (CAR) (continued) 2010 RWA for Credit Risk after considering Specific Risk ***) RWA for Operational Risk Total RWA for Credit and Operational Risks RWA for Market Risk Total RWA for Credit.913 229.330.081 27.30% 13.00% Presented by excluding deferred tax assets according to Bank Indonesia Regulation No.737. BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 143 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.068. OTHER DISCLOSURES (continued) a. Operational. **) Presented after deducting the amortization of Subordinated Bonds during the period of Subordinated Bonds according to Bank Indonesia Letter No.07 2010 2.038 230.032 2009 171.002 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 2010 CAR for Credit and Operational Risk CAR for Credit.08 SUBSIDIARIES Net NPL ratio is calculated based on NPL after deducting the minimum allowance for possible losses divided by the total loans amount in accordance with Bank Indonesia regulations.883.433.74 2009 3.51% 1. 1996 and also has been selected as the Sub-Registry in the conduct of Government Bonds transaction and administration of Scripless Bank Indonesia certificates by Bank Indonesia. Non-Performing Loans (NPL) Ratio As of December 31. Market and Operational Risks ***) Minimum CAR *) 2009 13.994 1. 2010 and 2009.00% CORPORATE GOVERNANCE 13. 3/21/PBI/2001 dated December 13.78% 0.79% 0.737.447.109 171. unless otherwise stated) 48. 12/18/DPB1/TPB1-3 dated February 11. c. 379 . 2010 and 2009 (Expressed in millions of Rupiah. BRI’s non-performing loans ratio including Sharia receivables and financing are as follows: (i) Consolidated Gross NPL ratio Net NPL ratio (ii) BRI (Parent Company) Gross NPL ratio Net NPL ratio 2010 2. ***) Operational risk is just accounted for in 2010.20% 8.52% 1.

2010 and 2009 amounted to Rp4. and On-line Brokerage services of BBRI Shares. whereby BRI acts as the Custodian Bank and has been developing “Unit Link” products which will be marketed through BRI Branch Offices which are appointed as the selling agents. 08/STTD-WA/PM/1996 dated June 11. including information through website. DPLK.983. respectively. including the related tax payments. which mainly consist of pension funds. 2010 and 2009 amounted to Rp11. Trust Operations BRI has rendered trust services since 1990.300. OTHER DISCLOSURES (continued) c.880. respectively. respectively. respectively. KIK EBA. Transaction settlement (settlement/transaction handling) services. which provides services such as:        Safekeeping administration services and portfolio valuation. MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BRI has (unaudited) 69 (sixty nine) and 157 (one hundred fifty seven) customers as of December 31. SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY BRI 2011 BRI has (unaudited) 13 (thirteen) customers as of December 31.013/1990 dated December 6. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. The operating license of BRI for trust services has been granted by the Ministry of Finance based on its Decision Letter No. financial institutions.327 as of December 31. 380 .039. unless otherwise stated) 48. mutual funds and other companies. The total value of bonds issuance on behalf of bonds issuers managed by BRI as trust services (including security agents) (unaudited) amounted to Rp24. 2010 and 2009 (Expressed in millions of Rupiah.340 and Rp11. Income collection services. 2010 and 2009.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. Information and reporting services. In order to improve services to customers. 2010 and 2009. BRI coordinates with PT Asuransi Jiwa Bringin Jiwa Sejahtera. The fees and commissions on trust services and other related services (payment agent) (unaudited) earned for the years ended December 31. 2010 and 2009. 1990 and registered in Bapepam in conformity with its Operating License as Trust Services No. Custodian Unit Link services. d. BRI Custodian has currently provided information system accessible through the “Customer Information E-access” website. 1554/KMK. respectively.653 and Rp14.414 and Rp3. FINANCIAL STATEMENTS FINANCIAL REPORT 144 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Custodian Operations and Selling Agent (continued) The custodian services business is a part of the Treasury Division. The custodian fees earned (unaudited) for the years ended December 31. securities companies. 1996. in order to provide more convenience for customers to be informed of their portfolio value. The trust services business is a part of the Treasury Division which provides services such as:      Trust services Security agent Payment agent Sinking fund agent Selling agent of mutual funds and investment products. Corporate actions and proxy services.

MSOP III Diluted EPS per share 7.991. Trust Operations (continued) To comply with Bapepam-LK Regulation No.50 SUBSIDIARIES 7.73 BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 145 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Kep-11/BL/2006 dated August 30.425 Earnings Per Share (Full Rupiah) 956.553. unless otherwise stated) 48. EARNINGS PER SHARE The following presents the reconciliation of factors in the computation of basic and diluted earnings per share (EPS): 2010 Weighted Average Number of Ordinary Shares Outstanding 11.247.634.385 11.58 CORPORATE SOCIAL RESPONSIBILITY Net Income Basic EPS per share Add: Assumed shares issued from exercise of Management Stock Ownership Program .MSOP II .420. 49.308. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. OTHER DISCLOSURES (continued) d.MSOP I .292 145.160.385 154.457 2009 Weighted Average Number of Ordinary Shares Outstanding 11.416 12.MSOP III Diluted EPS per share 11. for the years ended December 31.MSOP I . The total income from services as Mutual Funds Agent and Government Retail Bonds (unaudited) amounted to Rp1.990.673 and Rp2. 381 .899 596.302.836 12.355 72. 2010 and 2009 (Expressed in millions of Rupiah.502.303. respectively.72 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE Net Income Basic EPS per share Add: Assumed shares issued from exercise of Management Stock Ownership Program .308.467.687 48.620.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 2006 on “Mutual Funds Selling Agent Behavior”.288.472. the Selling Agent Services function previously performed by the custodian has been transferred to the Trust Operations. 2010 and 2009.143.841 70.472.323 62.292 609.MSOP II .899.473 Earnings Per Share (Full Rupiah) 933.

2010.296 for 3.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.268. Had BRI changed the nominal value of the shares from Rp500 (full amount) to Rp250 (full amount) with retrospective impact.798.494. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 146 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.934.605.798 298.646 124. BRI scheduled the last stock trading with old nominal value or Rp500 (full amount) per share in the Regular Market and Negotiation Market on January 10. BRI has performed 10% down payment (to escrow account) while the remaining will be settled on the date of Acquisition Notarial Deed.MSOP III Diluted EPS per share 11.286.385 CORPORATE GOVERNANCE 11.577.385 309.292 304. 2011.79 CORPORATE SOCIAL RESPONSIBILITY Net Income Basic EPS per share Add: Assumed shares issued from exercise of Management Stock Ownership Program .107. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.96% stockholder of Bank Agro to acquire stock of Bank Agro amounting to Rp330. According to the agreement. 382 .MSOP II .005.946 Earnings Per Share (Full Rupiah) 466. 2010 and 2009 (Expressed in millions of Rupiah.981.850 Earnings Per Share (Full Rupiah) 478. on August 23.682 140. unless otherwise stated) 50.MSOP II .MSOP III Diluted EPS per share 7.MSOP I .914 2009 Weighted Average Number of Ordinary Shares Outstanding 23.MSOP I .832 24.472. thus the earnings per share calculation is as follows : 2010 Weighted Average Number of Ordinary Shares Outstanding 23. SUBSEQUENT EVENTS AFTER BALANCE SHEET DATE a) Stock Split In accordance with the stock split conducted in the year 2011 (Note 1a).374 96.240.36 MANAGEMENT DISCUSSION AND ANALYSIS Net Income Basic EPS per share Add: Assumed shares issued from exercise of Management Stock Ownership Program . 2010.239.308. BRI has signed Stock Purchase Sale Settlement Agreement (Perjanjian Pengikatan Jual Beli/PPJB) with Agricultural Estate Pension Fund (Dapenbun) as the 95.030.672 24.292 291.607. BRI will own at least 76% of the whole Dapenbun stock ownership.308.36 SUBSIDIARIES b) Acquisition of PT Bank Agroniaga Tbk (Bank Agro) On August 19.982. 2011.840.75 7.710 145.472. and the start of the official trading date with new nominal value or Rp250 (full amount) per share on January 11.023 stock shares amounting to Rp109 (full amount) per share.

SUBSEQUENT EVENTS AFTER BALANCE SHEET DATE (continued) b) Acquisition of PT Bank Agroniaga Tbk (Bank Agro) (continued) Based on Extraordinary Meeting of Shareholders according to Notarial Deed No. Besides that. unless otherwise stated) 50.H.H.. 383 . 2010. This acquisition will be resolved on March 3. Bank Indonesia has also granted approval through Letter No. 2011. shareholders have agreed to the acquisition of Bank Agro. S. whereby BRI owns 88. S.68 dated December 29.14. Notary Fathiah Helmi. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.. COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 147 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 2009. 51.37 dated November 24. COMPLETION OF THE CONSOLIDATED FINANCIAL STATEMENTS The management of BRI is responsible for the preparation of these consolidated financial statements which were completed on March 29.65% of the whole stock in Bank Agro. 13/19/GBI/DPIP/Rahasia dated February 16.H. 2011. 2011 based on the Notarial Deed No. Notary Fathiah Helmi. of Notary Rusnaldy. 2010 and 2009 (Expressed in millions of Rupiah. as stated in the Notarial Deed No. S.

FINANCIAL STATEMENTS FINANCIAL REPORT CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS COMPANY PROFILE FOREWORD BRI 2011 SUBSIDIARIES 384 This page is intentionally left blank ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. .

“BRI earn Rp2.19 trillion” Cooperation between BRI and Lippo Karawaci on mortgage loan Cooperation between BRI and TNI AL (Indonesian Navy) on salary payment system Loan agreement between BRI and PT Pupuk Kaltim to build coal boiler BRI achievement as The Greatest Brand of Decade & The Rising Star in Banking Service Excellence Cooperation between BRI and leading franchise company BRI achievements as 2010 The Best Indonesian Bank BRI offer mortgage loan with low interest rate BRI lower its interest rate for loan BritAma as the most recommended saving product Consumer loan dominates BRI loan growth BRI serves all of banking needs of APMI BRI and PT Asuransi Jasindo develops the bancassurance BRI and BRI Pension Fund sue PT MPPC Loan agreement between BRI and Pertamina for Pertamina 2010 Capital Expenditure BRI commit in financing enviromental friendly of palm plantations BRI keeps improving its saving fund Once againt.6 trillion BRI receives a Golden Award BRI organizes BRI Expo 2010 Launching of BRI Branch Office of Tangerang City 2010 Simpedes Folk Festival BRI KUR disbursement reach Rp16. BRI lower its interest rate for loan BRI serves its customer in Harco Mangga Dua BRI pay dividend of Rp1.Press Release 2010 No.32 trillion” BRI organizes the 2nd grand prize draw of BritAma Wind of Fortune Lucky Draw Cooperation between BRI and the Ministry of Manpower and Transmigration in launching customized KUR for Indonesia Migrant Workers Preparation for Ramadhan and Ied Mubarak: BRI increase the cash money supply The Increase of BRI Internet Banking usage during Ramadhan BRI goes to traditional market by optimizing Teras BRI BRI organizes a fasting break reception with 3.7 trillion BRI Q2-2010 Financial Publication.”BRI pay dividend of Rp2. “BRI booked profit of Rp4.300 orphans BRI provides 2010 Ied Mubarak services ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 DATE 14 January 2010 14 January 2010 16 January 2010 21 January 2010 17 February 2010 5 March 2010 13 April 2010 13 April 2010 26 April 2010 27 April 2010 30 April 2010 4 May 2020 15 May 2010 18 Mei 2010 20 May 2010 21 May 2010 26 May 2010 27 May 2010 31 May 2010 2 June 2010 3 June 2010 4 June 2010 7 June 2010 9 June 2010 14 June 2010 17 June 2010 17 June 2010 21 June 2010 23 June 2010 25 June 2010 30 June 2010 1 July 2010 14 July 2010 14 July 2010 18 July 2010 23 July 2010 23 July 2010 23 July 2010 26 July 2010 30 July 2010 31 July 2010 9 August 2010 10 August 2010 18 August 2010 23 August 2010 31 August 2010 3 September 2010 ACTIVITIES KUR Development in South Kalimantan Province KUR Development in East Kalimantan Province BRI organizes the 3rd grand prize draw of BritAma Wind of Fortune Lucky Draw BRI prevention to solve any crimes through ATM Cooperation between BRI and AXIS to provide reload service through ATM channel BRI Priority Banking in Makassar Cooperation between BRI and Garuda Indonesia Airlines Loan Agreement between BRI and PT KAI (Indonesia Railway Company) Launching of BRI Regional Office of Jayapura Cooking Experiences by BRI Priority Banking and BRI Credit Card BRI Q1-2010 Financial Publication.15 trillion of net profit” BRI domination on KUR disbursement Launching of BRIFAST Remittance Services for Indonesian Migrant Workers Cooperation between BRI and USAID on water supply financing BRI Annual General Meeting of Shareholders. 385 .

BRI prepare cash money supply of Rp8.66 trillion” BRI care for natural disaster victims 2010 Public Expose of BRI BRI and the Ministry of Forestry organize a fun bike program BRI 2010 Extraordinary General Meeting of Shareholders. .782 BRI KUR customer has migrated to the commercial loan customer End of year holiday.No. “Approve the Acquisition of PT Bank Agroniaga Tbk.7 trillion Cooperation between BRI and POLRI (National Police) to provide a secure banking services BRI helps the victims of Merapi and Mentawai natural disaster BRI Q3-2010 Financial Publication.5 trillion BRI pay interim dividend 386 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 DATE 5 September 2010 23 September 2010 28 September 2010 4 October 2010 8 October 2010 13 October 2010 13 October 2010 14 October 2010 19 October 2010 20 October 2010 28 October 2010 29 October 2010 9 November 2010 10 November 2010 14 November 2010 24 November 2010 9 December 2010 9 December 2010 15 December 2010 15 December 2010 21 December 2010 28 December 2010 29 December 2010 ACTIVITIES BRI organize Ied Mubarak Homecoming program for Kupedes and Simpedes customer BRI support Indonesia Open Karateka Championship 2010 President appreciates BRI for its roles in supporting national development BRI as the host of Specific Interest Group Forum (SIG) Launching of BRI Corporate Card Loan agreement between BRI and PT Telkom Cooperation between BRI and PT Pos Indonesia BRI achieves Consumer Banking Excellence Award 2010 KUR BRI disbursement reach Rp18. and Stock Split” BRI and Pertamina EP develop a vendor data providing system Cooperation between BRI and APMI President launch a customized product of KUR BRI for Indonesia Migrant Workers Cooperation between BRI and ASPARINDO in renovating traditional market 427. “BRI booked profit of Rp6.

36-SKP/DHI/04/2010 B. 13-SKP/DHI/01/2010 B. BI: Bank have to makes compensation to customer losses Monthly report of the list of securities holders Disclosure on the news. 165-DIR/SKP/04/2010 B. 37-SKP/DHI/04/2010 B. 52-SKP/DHI/05/2010 B. 35-SKP/DHI/04/2010 B. BRI will acquired 2 bank” Monthly report of the list of securities holders BRI Financial Statement Year 2009 Proof of the media announcement of BRI Financial Statement Year 2009 BRI Financial Report 31 December 2009 audited BRI Financial Report 31 December 2009 audited Annual General Meeting of Shareholders Agenda Monthly report of the list of securities holders Report of the use of IPO proceeds of BRI Rupiah Subordinated-Debt II 2009-March 2010 Report of the use of IPO proceeds Advertising Proof of the call of media announcement for Annual General Meeting of Shareholders Announcement of Annual General Meeting of Shareholders BRI Financial Statement 31 March 2010 BRI Financial Statement 31 March 2010 BRI Annual Report 2009 Proof of the media announcement of BRI Financial Statement Q1-2010 Call of BRI Annual General Meeting of Shareholders Monthly report of the list of securities holders Announcement of Schedule and method of dividend payment Report of General Meeting Shareholders and proof of the media announcement of the GMS resolution and schedule and method of dividends distribution Monthly report of the list of securities holders Monthly report of the list of securities holders The Composition of BOD and BOC of BRI Proof of the media announcement of BRI Financial Statement Q2-2010 BRI Q2 . 63-SKP/DHI/07/2010 B. 14-SKP/DHI/01/2010 B. 42-SKP/DHI/05/2010 B. 06-SKP/DHI/01/2010 B. 32-SKP/DHI/03/2010 B. 47-SKP?DHI/05/2010 B. 02-SKP/DHI/01/2010 B. 55-SKP/DHI/06/2010 B. 21-SKP/DHI/02/2010 B. 189-DIR/SKP/04/2010 B. 226-DIR/SKP/05/2010 B. 188-DIR/SKP/04/2010 B. 40-SKP/DHI/04/2010 B.2010 Financial Result BRI Financial Report 30 June 2010 BRI Financial Report 30 June 2010 February ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 158-DIR/SKP/04/2010 B.”To expand the business. 10-SKP/DHI/01/2010 B. 26-SKP/DHI/03/2010 B. 59-SKP/DHI/07/2010 B. 24-SKP/DHI/03/2010 B. 39-SKP/DHI/04/2010 B. 387 . 164-DIR/SKP/04/2010 B. 15-SKP/DHI/01/2010 B. 350-DIR/SKP/07/2010 B. “Acquisition Plan” Disclosure on the news in Bisnis Indonesia. 138-DIR/SKP/03/2010 B. 03-SKP/DHI/01/2010 B. 31-SKP/DHI/03/2010 B.Correspondence with Capital Market and Financial Institutions Supervisory Agency (BAPEPAM-LK) and Indonesia Stock Exchange (BEI) Month No 1 2 3 4 January 5 6 7 8 9 10 11 12 13 March 14 15 16 17 18 19 20 21 April 22 23 24 25 26 27 28 29 May 30 31 June 32 33 34 July 35 36 37 38 Ref Number No B. 11-SKP/DHI/01/2010 B. 351-DIR/SKP/07/2010 Date 5 January 2010 6 January 2010 7 January 2010 13 January 2010 13 January 2010 14 January 2010 19 January 2010 21 January 2010 22 January 2010 10 February 2010 22 February 2010 5 March 2010 11 March 2010 31 March 2010 31 March 2010 31 March 2010 31 March 2010 12 April 2010 13 April 2010 15 April 2010 15 April 2010 19 April 2010 19 April 2010 30 April 2010 30 April 2010 30 April 2010 30 April 2010 5 May 2010 12 May 2010 24 May 2010 24 May 2010 10 June 2010 14 July 2010 26 July 2010 30 July 2010 30 July 2010 30 July 2010 30 July 2010 To Bapepam-LK and BEI Bapepam-LK and BEI Bapepam-LK and BEI Bapepam-LK and BEI BEI Bapepam-LK and BEI BEI Bapepam-LK BEI BEI BEI Bapepam-LK BEI BEI Bapepam-LK and BEI BEI Bapepam-LK Bapepam-LK BEI Bapepam-LK BEI Bapepam-LK and BEI Bapepam-LK and BEI BEI Bapepam-LK Bapepam-LK and BEI Bapepam-LK and BEI Bapepam-LK and BEI BEI Bapepam-LK and BEI Bapepam-LK and BEI BEI BEI Bapepam-LK and BEI Bapepam-LK and BEI BEI Bapepam-LK BEI Report Replacement of Corporate Secretary Proof of the media announcement of Corporate Secretary replacement Explanation on call option exercise of the 2004 BRI Rupiah Sub-ordinated Debt Proof of media announcement of exercise of the option to buy the 2004 BRI Rupiah Sub-ordinated Debt Monthly report of the list of securities holders Report of the use of IPO proceeds Disclosure on the news “Acquisition Plan” Disclosure on specified shareholders Disclosure on the news in Investor Daily. 134-DIR/AMK/03/2010 B. 61-SKP/DHI/07/2010 B.”piercing trough ATM card. 16-SKP/DHI/01/2010 B. 23-SKP/DHI/02/2010 B. 62-SKP/DHI/07/2010 B.

Month No 39 40 Ref Number No B. . 74-SKP/DHI/08/2010 B. shares betweenPT Bank Rakyat Indonesia (Persero) Tbk. 698-DIR/SKP/11/2010 B. 88-SKP/DHI/11/2010 B. 98-SKP/DHI/12/2010 B. 71-SKP/DHI/08/2010 20 August 2010 BEI B."BRI's plan to acquire Bukopin" Disclosure on specified shareholders Monthly report of the list of securities Disclosure on the news . "BRI's plan to acquire Bukopin" Proof of media announcement about draft summary of PT Bank Agroniaga Tbk. and Kontan. 666-DIR/SKP/11/2010 B. 645-DIR/SKP/10/2010 B. 66-SKP/DHI/08/2010 B. 633-DIR/SKP/10/2010 B. 77-SKP/DHI/10/2010 B. shares between PT. Seputar Indonesia. 89-SKP/DHI/11/2010 B. Monthly report of the list of securities Agenda of Extraordinary General Meeting of Shareholders BRI 2010 Announcement of Extraordinary General Meeting of Shareholders Announcement of Public Expose BRI Financial Report 30 September 2010 BRI Financial Report 30 September 2010 BRI Q3-2010 Financial Report Proof of media announcement of BRI Q3-2010 Financial Report Material for Public Expose Extraordinary General Meeting of Shareholders BRI 2010 Call of the Extraordinary General Meeting of Shareholders BRI 2010 Monthly report of the list of securities Report of Public Expose 2010 Report of Extraordinary General Meeting of Shareholders and Proof of the media announcement of the EGMs resolution Proof of media announcement of the schedule and method of Interim Dividend payment of the book year 2010 Interim Dividend of the book year 2010 Interim Dividend of the book year 2010 Monthly report of the list of securities Disclosure on specified shareholders 41 August 42 B. shares acquisistion by PT Bank Rakyat Indonesia (Persero) Tbk. 76-SKP/DHI/09/2010 B. Bank Rakyat Indonesia (Persero) Tbk. 78-SKP/DHI/10/2010 B. and Plantation Pension Fund Confirmation on the news in Bisnis Indonesia. 639/DIR/SKP/10/2010 B. 100-SKP/DHI/12/2010 27 August 2010 27 August 2010 15 September 2010 5 October 2010 7 October 2010 13 October 2010 15 October 2010 25 October 2010 28 October 2010 29 October 2010 29 October 2010 29 October 2010 29 October 2010 5 November 2010 8 November 2010 9 November 2010 9 November 2010 12 November 2010 25 November 2010 30 November 2010 30 November 2010 30 November 2010 10 December 2010 28 December 2010 BEI Bapepam-LK BEI BEI Bapepam-LK and BEI BEI Bapepam-LK Bapepam-LK and BEI BEI Bapepam-LK BEI BEI Bapepam-LK and BEI BEI Bapepam-LK Bapepam-LK and BEI BEI BEI Bapepam-LK and BEI Bapepam-LK and BEI BEI Bapepam-LK BEI Bapepam-LK 388 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 87-SKP/DHI/11/2010 B. 73-SKP/DHI/08/2010 B. 94-SKP/DHI/11/2010 B. 72-SKP/DHI/08/2010 20 August 2010 Bapepam-LK and BEI 43 44 September 45 46 47 48 49 October 50 51 52 53 54 55 56 57 58 59 November 60 61 62 63 64 December 65 66 B. 602-DIR/SKP/10/2010 B. "Accusation of PT Mulia Persada Pacific" Proof of media announcement of the signing of the Conditional Sales and Purchase Agreement of PT Bank Agroniaga Tbk. 648-DIR/SKP/10/2010 B. 81-SKP/DHI/10/2010 B. 646-DIR/SKP/10/2010 B. 647-DIR/SKP/10/2010 B. 699-DIR/SKP/11/2010 B. 95-SKP/DHI/11/2010 B. 84-SKP/DHI/11/2010 B. and Plantation Pension Funds (Dapenbun) Disclosure on the news in Kontan and Bisnis Indonesia. 70-SKP/DHI/08/2010 Date 12 August 2010 19 August 2010 BEI BEI To Report Monthly report of the list of securities holders Disclosure on the Conditional Sales and Purchase Agreement of PT Bank Agroniaga Tbk.

SPI/12-2010 S-07741/BEI.PPU/05-2010 S-06179/BEI.PMR/12-2010 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.PMR/10-2010 S-06561/BEI.PSH/12/2010 S-08083/BEI.PPS/01-2010 S21-ARA/V/2010 S-03296/BEI.Month January June No Ref Number No S-00029/BEI.PMR/10-2010 S-07652/BEI.PPJ/12-2010 December Peng-0622/BEI.SPR/12-2010 S-08129/BEI.PPJ/10-2010 Date 11 January 2010 2 June 2010 7 June 2010 13 October 2010 13 October 2010 26 October 2010 13 December 2010 13 December 2010 20 December 2010 21 December 2010 23 December 2010 BEI From Report Request for explanation of call option of Bond or Sukuk Participation on Annual Report Award 2009 Participation on Annual Report Award 2009 Reminder of Public Expose 2010 Invitation to participating in Capital Market Expo Invitation for Technical Meeting of Investor Summit and Capital Market Expo 2010 IDX Customer Satisfaction Survey Reduction of IDX annual listing fee Re-announcement regarding the payment schedule of BRI dividend share Ceremony of the last trading day in 2010 and the first trading day in 2011 Gratitution Bapepam-LK BEI BEI BEI BEI BEI BEI BEI BEI BEI October S-06126/BEI. 389 .

22352 (0651) 31190 (0652) 22603 (0651) 32008 (0651) 33913 (0651) 33912 (0641) 21364 (0641) 333367 2. BANDA ACEH 1 2 3 4 Sabang Lampriet Peunayong Simpang Surabaya (Dr Mohd Hasan) TYPE OF OUTLET KW KC KCP KCP KCP KCP KC KCP BRAND CODE 0255 0037 0631 1052 2056 2057 0042 0657 ADDRESS Jl Cut Meutia No 17 Banda Aceh Gedung BRI Lt.4-5 Kuala Simpang Kab. Sukadamai. Banda Aceh Jl. Gunung meria. Daud Beureuh no 143. Lhokseumawe Jln. 21569 (0633) 41566 (0646) 21231 (0645) 40214 (0645) 32227 (0653) 21306 (0643) 21119 (0643) 7425 472 (0655) 7551010 (0644) 22040 (0629) 21170 (0642) 21776 (0656) 21088 (0658) 21401 (0659) 91070 (061) 4525601 (061) 4536082 (061) 4532170 (0631) 23749 (0633) 21985 (0633) 41666 3. 42 Jln. Medan Jl. TARUTUNG 1 Siborong-borong 0053 0085 0099 1095 Jl. Merdeka No. Medan Jl. Blang Senlang. Blang Pidie Jl.99. Sabang Jl Tgk. Takengon .1. Medan Barat. 4526555 (0631) 21163. 22601 (0651) 32007 (0651) 33913 (0651) 33912 (0641) 21033 (0641) 333365 FACSIMILE (0651)-23487. 4 Lhoksukon Aceh Utara Jl. Yos Sudarso No. HIJAU 2. 3. SIGLI 5. TAKENGON 1 Bener Meriah Lhoksukon 6. 22044 (0629) 21031 (0642) 21776 (0656) 21613 (0658) 21402 (0659) 91127 (061) 45256666. Sri Ratu Safiatuddin Eks Kutaraja Tailor. 17 Banda Aceh Jl.Iskandar Muda No. Tugu Siborong-borong. Prof A. LHOKSEUMAWE 1 4. Medan TELEPHONE (0651) 22822 (hunting) (0651) 22900 (hunting). TAPAKTUAN 1 Singkil 10. Bukit Kab.2A. Tanah Anou. Idi Rayeuk.100. Kapten Pattimura No.Sisingamangaraja No. Kab. Perdagangan No. Cut Meutia No. MEULABOH 7. Singkil Jl. BIREUEN 8. 70 A-B Meulaboh Jl Kol. Ds.Pondok Baru.Kutacane No. Kutacane Jl Blangkejeren . 97. Dr.1-2 Biruen Jl. 22813 (0633) 21445. 32929. Jl. SIBOLGA 3. 33869. Kab. 4528323 (061) 4536080. . Banda Aceh Jl. KUTACANE 1 Blangkejeren 9.1. Husen Yoesof I No. Kec. Langsa Jl. Kec. Persada Desa keude Siblah. 7410714.Aceh Tamiang Jl Banda Aceh-Medan no 6 dan 7. Bener Meriah Jl. Iskandar Muda No. Mohd Hasan Kp. LANGSA 1 Kuala Simpang 2 Idie Rayeuk KCP KC KCP KC KC KCP KC KC KC KCP KC KCP KC KW KANINS KC KC KC KCP 1069 0043 690 0087 0145 2035 0178 0234 0263 0691 0264 0632 0265 0404 (0646) 21229 (0645) 41905 (0645) 32224. Gayo Lues Jl Nyak Adam Kamil No. Brigjen Katamso No. 23577. Kec. 2.14. 4536081 (061) 4576686. Takengon Jl. Lampriet Jl. Darussalam No. Gajah Mada No. 32225 (0653) 21306 (0643) 21294 (0643) 7425470 (0655) 7551961 (0644) 21126. Tarutung Jl. Blangkejeren.Dasar I dan II.164. 32587 (0652) 22604. 13 Rimo. Sibolga Jl. Madjid Ibrahim Jl. Putri Hijau No. MEDAN P. Tapanuli Utara KW KANINS KC KCP : Regional Office : Regional Audit Office : Branch Office : Sub-Branch Office 390 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BLANGPIDIE MEDAN MEDAN 1. Iskandar muda No. Pangnanggroe No. Putri Hijau No. Aceh Timur Jl.BRI Networks & Address OUTLET BANDA ACEH 1. 123.

Binjai Medan KM 13. Kabanjahe Jl. Nias Jl. Sudirman No. 173. 21048.34 Perbaungan. Serma Lion Kosong No. Padang Lawas Jl. Jendral Sudirman No. Serdang Bedagai Jl. 86.5 Diski Sei Semayang. Padang Sidimpuan Utara Jl. 322180. 21845.4-5 Kel. 21032. Labuhanbatu Selatan Jl. PEMATANGSIANTAR 1 2 Perdagangan Dr. Lubuk Pakam Jl.Sisingamangaraja No.100.45.58 Tanjung Morawa. Sisingamangaraja No. 21361. Kec. 91232 (0623) 92065. 188. Gunung Sitoli.OUTLET 2 Dolok Sanggul TYPE OF OUTLET KCP KC KCP KCP KC KCP BRAND CODE 1096 0113 0636 2084 0135 0637 ADDRESS Jl.3.36. Labuhan No. 22783 (0630) 7321223 (0627) 21087. Merdeka Dolok Sanggul Kab. TEBING TINGGI KC 0283 (0621) 21182. Dr. 6. Sutomo No. Kab. Kota Pinang Kec. Veteran No. Kab. Teluk Dalam. TANJUNG BALAI 8. Dairi Jl. 322181 (0626) 20886 (0632) 21085 1 Pangururan KCP 2082 (0626) 20887 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.47. Deli Serdang Jl. Jend. Perdagangan Jl. Sutomo . Humbang Hasundutan Jl. Kec. Veteran No. Barumun. Uskup Sugiyopranoto. 100. Samosir.24B. Kec. Kab. 23909 (0622) 96166 (0622) 22334 (0634) 21122. 128.1. 8821082. LUBUK PAKAM 1 Tanjung Morawa 2 Perbaungan KCP 1090 (061) 79991963 (061) 7991963 13. PADANG SIDEMPUAN 1 Penyabungan 2 Sibuhuan KCP 1097 (0636) 421729 (0636) 421729 6. Balige. Nias Selatan Jl. 22792 (0624) 21441/43. Toba Samosir Simpang Tiga Jl. Kab. Rantau Prapat Jl. Sumatera Utara TELEPHONE (0633) 31866 (0622) 21447. BALIGE KC 0314 (0632) 21365. 21302 (0628) 91812. KABANJAHE 1 Brastagi KC KCP KC KC KCP KC KC KCP KCP KC 0144 0634 0154 0176 2036 0194 0228 0639 2062 0238 1154 1093 0266 1089 (0628) 20420. Kota Pinang. Tanjung Balai Jl. BINJAI 1 2 Diski Tanjungpura Aek Kanopan Kota Pinang KCP KCP KC KCP 12. Sudirman No. Serdang/Perintis Kemerdekaan No.1-3. Negara No. Ki Hajar Dewantara Lingkungan IV Desa Padang Luar. 325555 (0624) 92319 (0624) 95339 (061) 8821503. Aek Kanopan Jl. Penyabungan Jl. 21325 (0636) 321054 FACSIMILE (0633) 31486 (0622) 23419 (0622) 96166 (0622) 22334 (0634) 21905 (0636) 321054 4. Jend. Sutomo No.Merdeka 5.296. Langkat Jl. Pemuda No. Tanjung Pura. 2. Brastagi Jl. Sisingamaraja No. 8823220 (061) 8441781 (061) 8961254 (061) 7952089 (061) 7943917 (0628) 22141 (0628) 91474 (0623) 92446 (0639) 51032 (0630) 7321203 (0627) 21782 (0624) 21222 (0624) 92319 (0624) 95349 (061) 8824997 (061) 8441784 (061) 8961354 (061) 7951227 (061) 7943910 7. Wilem Iskandar No.252. 97718 (0639) 21158. Binjai Jl. SIDIKALANG 10. Balige. Pematang Siantar Jl. Gomo No. Sutomo No. 21850 (0621) 22024 1 Sei Rempah KCP 0665 (0621) 442086 (0621) 442087 14. Pematangsiantar Jl. Tebing Tinggi Pusat Perniagaan & Perumahan Asia Bisnis Centre Jl Raya Medan KM 60 Sei Rempah Jl. 21560. Binjai Jl. Pangururan. RANTAU PRAPAT 1 2 11. Merdeka No. 391 . Kab. GUNUNG SITOLI 1 Teluk Dalam 9. Pahlawan No. Sidikalang. Yos Sudarso.

3. Yos Sudarso No. Pauh Padang. Hatta No. Medan Jl Perniagaan no. Tembung Jl. Padang Gdg Kanins Padang Jl Khatib Sulaiman No.299 Indrapura. Kisaran Jl. Hatta No.179 Medan Jl Gatot Subroto.2. 18 / 173. 30. ISKANDAR 17.7. 7343555 (061) 6614391. Sisingamangaraja No. Moh. Moh. Medan Jl. MEDAN GATOT SUBROTO 1 2 3 4 Kapten Muslim Sunggal Gajahmada Medan Setiabudi Medan 19. 10. Iskandar No.200.26 B-C. PADANG 1 Khatib Sulaeman KC KCP 0058 0669 Jl. Komp. 31970.L Yos Sudarso No. Kec Medan Belawan. Millenium Square No. STABAT 21 MEDAN ASIA 1 2 3 4 5 6 Pulau Brayan Krakatau Tembung Kesawan W. Dr. Setiabudi Point. Medan Jl. Jendral Sudirman No. 4576435 (061) 7881111 (hunting) (061) 4516474 (061) 7332316 (061) 4575740 (061) 7880681 (061) 7322641 (061) 8447451 (061) 8442091 (061) 8448002 (061) 4570580 (061) 8226575. Medan Jl. 124.01. Medan Jl. Kec. Medan Jl G.05. 445964 (0751) 31727 (0751) 446308 392 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Kec. Medan Jl.104. 31970 / (Sementara) (0751) 778907 FACSIMILE (0623) 43335 (0622) 362840 (061) 4513733 (061) 7868333 (061) 4573048 (061) 4573048 (061) 4575431 (061) 7880681 (061) 7322641 (061) 8447452 (061) 8445372 (061) 8448002 (061) 4570544 (061) 8226575 (061) 6614585 (061) 8912721 (061) 7368683 (061) 6641656 (061) 6612067 (061) 7385068 (061) 4550134 (061) 4557306 (021) 6942938 16. Padang/ Jl. Medan Jl Setia Budi No. 66445656 (061) 6612067 (061) 7384390 (061) 4550166. 8215262 (061) 6614585 (061) 8912690/91 (061) 7346777. Medan Barat. 30 Padang / (Sementara) Jl.31.520. Komp. Dr. Iskandar Muda No.A Medan Jl Arief Rahman Hakim No. Medan Jl.12 D. 284. . Yani No. Air Putih. K. Pauh Padang Jl. W. Dr.B Medan Jl. 154. Medan Jl. Aziz Chan No. Khatib Sulaiman No. ISKANDAR MUDA 20. Tembung Pajak Gambir No. 50 (0751) 38755 (0751) 446308. Stabat Jl.01. Kapten Muslim. Kartini No. Wahidin No. KISARAN 1 Indrapura TYPE OF OUTLET KC KCP KC KC KCP KCP KCP KCP KCP KC KCP KCP KCP KCP KC KC KC KCP KCP KCP KCP KCP KCP BRAND CODE 0323 1094 0336 0367 0692 0693 1084 1085 1086 0404 0635 0695 1087 1088 1542 0638 0633 0658 0694 1092 1083 2083 1091 ADDRESS Jl. A. Medan Jl Brigjen Katamso No. W. Rahman Hakim No.2A. Medan Jl Pusat Pasar No.A . 103.15H. Multatuli Raya Blok FF No. Medan Jl Bagindo Azis Chan No. Medan Jl Gajah Mada No. 241. Sei Batanghari No. Padang / (Sementara) Jl. Medan Jl Raya Pelabuhan No. 778910 (0751) 7054995 / (Sementara) (0751) 72653 1. 118. Lugur. Kec.OUTLET 15. Asia No. Batubara Jl. 4550172 (061) 4550071 (061) 6942928 (0751) 31964-68. Iskandar Belawan PADANG KW 0205 (0751) 778905 PADANG KANINS (0751) 7052111. A.12. Padang TELEPHONE (0623) 41475/76 (0622) 632836 (061) 4553100. Krakatau 146. Bgd. Medan Timur. 7052528 / (Sementara) (0751) 71045. MEDAN SISINGAMANGARAJA 1 2 3 4 5 Medan Mall Aksara Multatuli Medan Katamso Sukaramai 18. Jend. Medan Jl.

Let. P. 21212. DHARMASRAYA PALEMBANG PALEMBANG 1. Yani No. Sumatera Barat 26366 Jl. Tebing Tinggi. 3. 71011. Kapten A. jambi Jl. Sumatera Selatan 3. Ruslan I/1. Talang Jauh. 91587. Pariaman Jl. Kec. Kapten A. PADANG PANJANG 5. 45. Jend. Pesisir Selatan Jl. Kayu Agung Jl. Sikaping Jl. 624778. 21319. PAYAKUMBUH 7. Payakumbuh Jl. Bukittinggi Jl. 6. 91025 (0748) 323565. 22104. May. Raya Simpang Empat Manggopoh. Belitang Kab. 20065 (0756) 21221. 42. 669936 (0741) 7554288 (0712) 321005. 21.15. Pasaman.Agus Salim No. Dr. Diponegoro Hilir Simpang 3 Lubuk Basung Jl. 324530. Kec. BUKITTINGGI 1 2 3. 323706 (0753) 65786/87 FACSIMILE (0751) 32034 (0752) 34746 (0752) 627580 (0752) 877680 (0755) 21360 (0755)583442 (0752) 83888. 20436. Koto Baru. By Pass Pasar Aur Kuning Bukittinggi Jl. 48 . 82239 (0752) 71051. Raya Padang Aro Sei Penuh. Panjang Jl S. Merdeka No. SUNGAI PENUH 12. 93934. SIJUNJUNG 10 PARIAMAN 11. 574722 (0752) 92120. LUBUK SIKAPING 8. Raya Lintas Sumatera Simpang IV.10 Kel. 220.15. 624776 (0752) 626007 (0752) 877681 (0755) 21369/70. 20276. 92556. Marzuki Jahri I/45. Sipin. Batusangkar Jl. 25B. Desa Gumawang Kec. 310178 (0735) 322145. Rivai No. Prof M. 320007 (0735) 452363 (0741) 31007. KAYU AGUNG 1 4. Jend Sudirman No. 321411 (0731) 321355. Kec. Imam Bonjol. Yamin No.1. H. 73968. Lintas Sumatera. Sudirman No. 31213/7. Kab. 20023. 83260/1. 21903.10 Rt. Parman No.3. Painan. 31035 (0741) 669830. Sudirman No. Muaro Sijunjung Jl. Tanjung Beringin. 22689. Lb. Jend. Jambi Jl.321164 (0756) 21012 (0754) 20033 (0751) 91365 (0748) 323489 2. BATURAJA 1 2. Gani. Lintas Timur Desa Tugumulyo. Kec. Oku Timur Jl. 20160. 95812 (0753) 321210. Palembang TELEPHONE (0751) 30047 (0752) 624777. Sudirman No. LAHAT Tugumulyo 1 Tebing Tinggi KCP 2076 (0702) 21667 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Lahat Jl. Empat lawang. JAMBI 1 2 Abunjani Sipin Jelutung Gumawang KC KW KANINS KC KCP KC KCP KCP KC KCP KC 0616 0200 (0754) 71675/76 (0711) 313411. A. 30. 23002 (0755) 583441 (0752) 83257/8/9. 321460/61. Jambi Jl. Padang Barat Jl. 321462 (0712) 321410. SOLOK 1 Sangir Aur Kuning Bukittinggi Lubung Basung KCP KC KC KC KC KC KC KC KC 4. Sangir. Rivai No. 324531. 367755 (0711) 310173.OUTLET 2 Pondok TYPE OF OUTLET KCP KC KCP KCP KC BRAND CODE 2027 0015 0617 0667 0091 2043 0231 0169 0256 0269 0270 0271 0321 0117 ADDRESS Jl. 71380. 22105 (0754) 20203. Hayam Wuruk No. 323225 (0702) 21664 (0754) 71670 (0711) 312262 (0711) 312343 (0735) 322150 (0735) 452364 (0741) 25625 (0741) 669830 (0741) 7554288 (0712) 321005 (0712) 321410 (0731) 323368 0008 0697 0020 0606 1003 0030 2088 0040 Jl Akmal No 116 Baturaja Jl AK. Palembang Jl. 484658 (0752) 72855 (0752) 92145 (0753) 20435. Solok Selatan Jl. Okan Komering Ilir Jl. Kol. 393 . 22112. 322056. 21917. SIMPANG EMPAT KC 0615 (0753) 65785 13. Sungai Penuh Jl. Jend Sudirman No. Kel. Jend. 20143 (0751) 93025/6. Abujani No. 41. Pasaman Barat. 92065. BATUSANGKAR 6. Solok Jl. Soetomo No. Sijunjung Jl. Jelutung. 91103. 73733/4. PAINAN 9.

60-61. Toboali. Jend Sudirman No. Semangka No. Parman No. Teuku umar No. MANNA 16.020 Rw. R. 262994 (0721) 92734. TANJUNG PANDAN 1 Manggar 14. Bengkulu Jl. 22380 (0721) 269881. 126 Pagaralam Jl. 20.45. Jend Sudirmana. 25235 (0728) 21600 (0726) 7753148 (0716) 21127 (0721) 262927 (0721) 92735 (0721) 7622547 (0721) 770853 (0732) 21618 (0732) 392505 (0736) 20087 (0736) 37533 (0747) 431824 (0734) 452369 (0733) 323315 (0725) 42636 (0725) 660167 (0719) 21560 (0719) 92107 (0730) 621055 (0739) 21148 (0724) 22030 (0728) 21230 (0726) 7753148 7. Kel.15/18. 21148. Muara Enim Jl. 49. Jl. Curup Jl. 22919. Palembang Jl. Bangka Belitung Jl. 431169. Ilir Timur II. Bandar Lampung Jl. Dsn Arabi Rt. 432780. Sribhawono-Panjang. PANGKAL PINANG 1 Toboali 2 Muntok KCP KC KCP KCP KCP KC 2090 0098 0660 2092 2077 0108 2146 0115 0698 0128 1102 0129 0130 1072 0131 2093 0138 0150 0155 0603 1002 (0716) 21127. 23447. Jend. 91979 (0721) 7622593 (0721) 784469 (0732) 21362/3.660183 (0719) 23358. LUBUK LINGGAU 12. 26050 (0736) 348688 (0734) 422020/1. 622451 (0739) 22764. 41630 (0725) 660163. 269880. 364081 (0711) 376861. Merdeka No. Merdeka No. 7406447. 24582. Sudirman No. 22827.138 Natar Lampung Selatan Jl. Lintas Tanjung Enim Batu Raja Jl. Palembang Jl. METRO 1 Sribawono 13. 21370. Manggar. CURUP 1 Kepahiang Pasar Natar Tanjung Agung Kedaton KCP KC KCP KC KCP KC KC KCP KC KCP KC KC KC KCP KCP 9. Sudirman No. Kec. Kel. Lampung Timur.577. 91484. Diponegoro No. Belitung Timur JL Kombes H. 42062 (0711) 356125 (0717) 431702 (0718) 41486 6.88. 21013/14 (0719) 92107 (0730) 621451. Bangka Barat. 431132 (0718) 41486.50. IT-I. Sayangan No. Jend. 120. Tanjung Karang Jl. Rivai No. Keb. 260000. 376862 (0711) 821774 FACSIMILE (0711) 312271 (0711) 376861 (0711) 821774 3 Pasar 16 Ilir KCP KC KCP 2089 0063 2091 (0711) 354906 (0717) 423991. Rawajitu Selatan TELEPHONE (0711) 320071. 12-A. 21715. 264961. Jend Sudirman No. Jend Sudirman 215. 16 Ilir.6-B Rt. 324950 (0732) 391000 (0736) 22762. Santosa Pasar Kepahiang Jl.8 Ilir. 51. Jend. TANJUNG KARANG 1 2 3 8. Pangeran Antasari No. 323447 (0725) 42634/5/7. 7400320. Tanjung Pandan Jl. Poros Ds. 21176. S. 21041. Metro Jl. Lubuk Linggau Jl. Manna Jl. . 323256.Raya Natar Merak Batam No. Pangkal Pinang Jl. Palembang Jl. Panorama. Bangka Selatan. Sudirman 25 A Liwa Lampung Barat Jl. KOTA BUMI 1 3 Liwa Lampung Barat Rawajitu 394 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Yos Sudarso No.11. Raden Intan No. Palembang Jl. Kapten A. 21111 (0724) 21335.OUTLET 5. Kec. Soekamto No.1.15. Yos Sudarso No. 34199 Jl. Ds. PALEMBANG RIVA’I 1 2 Sudirman Simpang Patal TYPE OF OUTLET KC KCP KCP BRAND CODE 0059 0602 1001 ADDRESS Jl. 422640 (0734) 453764 (0733) 323254. Muntok.008. Kumala Jaya. PAGAR ALAM 15. Sudirman No. 432771/3. Umar No.26. Bangka Belitung Jl.92. Bengkulu Jl.4. Bandar Lampung Jl. Kab. BENGKULU 1 Raflesia 10 MUARA ENIM 1 Tanjung Enim 11. Jend. Kotabumi Pasar Liwa.63C. 22981.

073 KM 111. ARGA MAKMUR 1 Muko-muko 25. 27 Palembang Jl RE Martadinata. A. 150. 22721. 321091. Sudirman 91. 21825 (0747) 431825/6 (0714) 321029. Tanggamus Jl. Kelurahan Pangkalan Balai. 21326. Sungai Buah. Lintas Sumatera. 495. Jend. Sungailiat Jl. Bulian Jl. 88 Kel. Yani No. Lintas Timur Unit II. SAROLANGUN KC 0604 (0745) 91909. Kec. 21320. Kelurahan 20 Ilir Kec. Tanjungkarang Pusat Bandarlampung Jl Indra Bangsawan. 472222 (0711) 891698 19. TELUK BETUNG KC KC KC KC 0179 0184 0275 0285 (0742) 21778 (0713) 320848 (0746) 21007 (0721) 486258 1 Jendral Sudirman KCP 0699 (0727) 259358 (0727) 265404 2 Kalianda KCP KC KC KCP KC KCP KC KCP KCP KC KC KCP 0503 0315 0318 1101 0324 (0727) 323124 (0743) 21018. Kec Sarolangun. 6. Sudirman No. 21825 (0737) 521505. Suraiman Kuto Panji Belinyu Pulau Bangka TELEPHONE (0747) 21018. 750399 (0726) 750738 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. SEKAYU 1 Sungai Lilin 2 Pangkalan Balai KCP 1100 (0711) 891091 (0742) 21080. Kel. Ilir Timur II Palembang Jl Veteran. 395 . BANGKO 22. Anggrek No. RT 03/ RW. 323120 (0714) 322769. Ilir Timur I. 92408 (0715) 321849 (0711) 379969. Raya Palembang Betung No. Letnan Munandar No. SUNGAI LIAT 1 Belinyu 26.1. MUARA BULIAN 24. Prabumulih Jl Bangko Rendah No 3 Bangko Jl.OUTLET 17. 21076. Bandar Jaya Lampung Tengah Jl. Kec Kalianda. 322730 FACSIMILE (0743) 21321 (0747) 431824 (0714) 321632 (0714) 322171 18. Pringsewu Jl. A. 322376/7 (0721) 471425. No. KUALA TUNGKAL 20 PRABUMULIH 21. Kenanga. Jend. 261500. Kel Urang. Desa Bandarratu. 21320. 006. Kec.78. PRINGSEWU 1 Kota Agung 29. 521028 (0737) 71618/9 (0717) 92027/8.03 Kel Ps Sarolangun. Argamakmur Jl. Dwiwarga Tunggal Jaya. Proklamator Raya 1. Muara Bungo Pasar Sarinah Rimbo Bujang. Teluk Betung Jl Jendral Sudirman No. Lintas Mukomuko-Padang. Komplek Pasar Baru. 521007. Sudirman No.16. Lampung Selatan Jl. Jend. Jend. Kota Agung. Kec. Kel. Banyuasin III Kab. Ds. M. 397. Kel Sungai Lilin Jl. Kab Sarolangun Jl. 4 Kuala Tungkal Jl. 91866 (0745) 91904 30 TULANG BAWANG KC 0605 (0726) 750319. Palembang Jl. Kab. 94666. Pasar Madang. Laks. 54 . 322693. 320423 (0711) 710546 (0711) 35357 (0725) 25354/6/7/5 (0729) 21132. 21076. Banjar Agung. Kab. Malahayati No. Kab. Muara Bungo Jl. Sudirman No. Tulang Bawang 27. Enggal Kec. 320627. 320334. Muko-muko Jl. 21246/7 (0722) 22085 (0727) 322313 (0743) 21321 (0737) 521038 (0737) 71619 (0717) 92921 (0715) 321846 (0711) 379967 (0711) 716789 (0711) 310120 (0725) 25660 (0729) 21245 (0722) 21088 23. 321233. BANDARJAYA 28. 320126 (0746) 21005/8. Sekayu Jl Raya Palembang Jambi No. MUARA BUNGO 1 Ps Sarinah-Rimbo Bujang TYPE OF OUTLET KC KCP KC KCP BRAND CODE 0160 0607 0164 0670 ADDRESS Jl. PALEMBANG SRIWIJAYA 1 2 Lemabang Veteran 0342 1103 1104 0357 0358 2119 Jl Letkol iskandar No. 322694 (0713) 323700. Banyuasin Jl KH Dewantoro No.

Jend Sudirman Blok E Kavling No.4A. TEMBILAHAN 9. . Raya Tengku Tambusai Desa Pematang Berangan Kec.79. Kec. 371370 (0778) 422893 (0760) 21000. 20903. Kp. BAGANSIAPIAPI 1 5. Kab. Riau No. 31866 (0768) 21128. Engku Putri No. 20286. 458973. Dumai Jl. Ujung Batu. Kab. 20042. PEKANBARU 1 2 3 Senapelan Panam Simpang Tiga KC KCP KCP KCP KC KCP 0170 1098 2087 2115 0268 0620 (0761) 37771. Jend.171 E-F Jl Jend Sudirman No 61 Bangkinang Jl.392 A.R. 21329. 33643. 73524 (0762) 20423. DURI 1 Simpang Libo Bagan Batu KC KC KCP KC KCP KC KCP 0159 0002 0619 0560 2026 0189 1190 (0765) 33040. 21812. 32243. Rengat Jl. P. 598755 (0766) 22088. BATAM 1 2 3 4 Tanjung Balai Karimun Batam Centre Aviari Baloi Center 12.01.8/9/10. 21703. Syarif Kasim No. 28998 (0761) 27629 (0761)588466 (0761) 73524 (0762) 21377 (0762) 62209 2.3 Batam Center Batam Komplek Pertokoan Muka Kuning Indah II Blok B.01. Tandun.01. 40. Boya No. Rokan Hulu Jl. BENGKALIS 1 Siak 7. Pekanbaru Jl. 91191 (0762) 91191 3.H. RENGAT 10. Bukit Raya. 43.OUTLET TYPE OF OUTLET KW BRAND CODE 0855 ADDRESS Jl. Siak Pusat Perniagaan & Perumahan Asia Bisnis Centre Jl Raya Medan KM 60 Sei Rempah Jl. 459988 (0777) 327420. Tanjung Pinang Jl. Sudirman No. Jend. Pekanbaru Jl. Nagoya. 20905 (0763) 33871 8. Rokan Hulu Jl. Teuku Umar No. 09 Nomor 12 Jl. Batu Aji. A No. 327267 (0778) 462368.2 No. Tembilahan Jl. 34777 (0767) 21311. 21042. 20904. 18. 313850 (0771) 7447246 (0778) 456417 (0777) 327421 (0778) 462368 (0778) 371373 (0778) 422874 (0760) 20901. 458778.14-15. Rw.Subrata Pekanbaru Jl. Rambah. Kharudin Nasution No. 313860 (0771) 7447248 (0778) 458788. TANJUNG PINANG 1 Bintan Center KC KC KC KCP KC KCP KCP KCP KCP KC 0175 0284 0174 2147 0331 0618 0621 0659 2117 0668 (0768) 21707 (0769) 21368 (0771) 21076. 38395 (0761) 27645 (0761)588466 (0761) 73523. SELAT PANJANG KC 0171 (0763) 31131/36. TELUK KUANTAN 396 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 21638.38 Ujung Batu. DI Panjaitan KM. Imam Bonjol Blk. Kel. DUMAI 4. Sudirman Kandiv Simpang Libo Jl. Teluk Kuantan TELEPHONE FACSIMILE PEKANBARU (0761) 44493/94/97 (0761) 33444. MT Haryono No. 22526. Sudirman No. Bengkalis Jl DR Sutomo. Jend Sudirman No. Simpang Tiga. 571719 1. 27632.15. 20902 11. Letda M. 32244 (0762) 62129/39 (0761) 44533. 21192 (0765) 551897 (0765) 94340. 29. Rt. Dalam. Pekanbaru Jl. 33511. 21087 (0764) 20531/32 (0765) 35480 (0767) 21960 (0765) 551901 (0765) 91160 (0761)598400 (0766) 22459 (0764) 20533 6. 31461. Tanjung Balai Karimun Jl. 21918. 31733. Kel. 462400 (0778) 371372. Batam Jl.18.Jend. Batam Komplek Penuin Centre Blok R/03 Kota Batam Jl Imam Munandar no. Bagansiapi-api 28911 Jl. St. Sudirman No.316. 37877. Jend. Sudirman (depan Ktr Camat Mandau) Duri Jl. 458975. 42. 595919 (0761)598400. BANGKINANG 1 Ujung Batu 2 Pasir Pangarayan KCP 1099 (0762) 91662 . Pramuka No. Kec. 31090 (0771) 21077. Bagan Batu Jl. Merdeka No. 32526 (0769) 21394. 23810.

Jakpus Jl. JAKARTA CUT MUTIAH 1 2 Cikini Menteng 4. Kel. Jakpus Jl.B-18 Jl. 68.81. Pekanbaru Jl Lintas Timur. 3142752 (021) 3915344 (021) 3151425. Jl. Pramuka Raya No.92. Mangga Besar No. 6253277. Kramat Raya No.Cut Mutiah No. 6496935 (021) 62202770.087-088. Pelalawan Jl Raya KM 6 Perawang. 8-910 Pekanbaru. Kel Cideng. Setiabudi. Jakarta Pusat. 4. Hayam Wuruk No. Menteng Atas. Jakarta Barat Lokasari Plaza Blok B No. IMAM MUNANDAR JAKARTA I JAKARTA I 1. 2 Pertokoan Tn. Jakarta Pusat Jl.12. Kec. JAKARTA Pusat Jl. Matraman. Abang Blok A/21. 8 Jakarta Pusat Jl. Jakarta Timur Ged Pusat Pembinaan Fungsional Auditor. 3154812 (021) 6248036 (021) 63850213 (021) 3106552 (021) 3915343 (021) 3154812 3. Jakarta pusat Jl. Palmeriam. Taman Sari. Kec. Jl. Kec Gombir. Kec.12 Kel. PANGKALAN KERINCI 15. Fachruddin. 63859843 FACSIMILE (0761) 64788 (0761) 7891356 (0761) 95083 (0761) 91044 (0761) 862356 (021) 3453685 (021) 2800268 (021) 3840522 (021) 2305331 (021) 3447736 (021) 63859842 14.18.79. Jl HOS Cokroaminoto Bo. 6248038 (021) 63850211 (021) 3143061. 6253277. 2800263 (021) 3454529 (021) 39840050 (021) 3447721. 397 . JAKARTA TANAH ABANG 1 2 3 Tanah Abang Abdul Muis Tomang 0018 0532 0504 1119 Jl Tanah Abang III/4 Jakarta Pusat Jl. 3154910. Pertokoan Glodok Plaza No. TUANKU TAMBUSAI 1 Ahmad Yani TYPE OF OUTLET KC KCP KC KC KC KW KANINS KC KCP KCP KCP BRAND CODE 0696 2116 0622 0666 1079 0199 ADDRESS Jl. Jakarta 11110 Jl Gajah Mada no 16A. Otista Raya No. JAKARTA KRAMAT 1 Manggarai KC KCP 0335 1125 (021) 3100152/3/4/5. Dr. Mangga Besar VIII No.72. Blok B No. JAKARTA SGT SENEN KC 0361 (021) 3507966/7 (021) 3852328 5. Jakarta Jl Kyai Caringin No. Veteran No. Pekanbaru Jl Veteran No. Jakarta Jl Cikini raya No. Imam Munandar No. Jakpus Jl. Jakarta Selatan Jl. Jakarta Timur TELEPHONE (0761) 64799 (0761) 46028 (0761) 494624 (0761) 91415. Ahmad Yani. Senen Raya No. Taman Sari.05. Kab. Jl.108.10-B1. Gedung Grha Atrium Lt. JAKARTA Timur 4 Pasar Blok A Tanah Abang KCP KC KCP 2006 0332 2039 (021) 23571204 (021) 6297280. 3447735 (021) 63859842. 3904609/11 (021) 8370337 (021) 3100156 (021) 83703622 2 Pramuka KCP 1123 (021) 8517931 (021) 8517948 3 BPKP KCP 1148 (021) 8564002/3 (021) 8199196 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Kec Tualang Perawang Jl.Jl Pramuka No 33.OUTLET 13. 135. Saharjo No. Tuanku Tambusai No. 7052744 (0761) 862355 (021) 3840802 (021) 2800261. KH Fachrudin 36. Riau Jl. 6253820 (021) 23571002 (021) 6252217 (021) 6253820 2. Jakarta Barat (Taman Hiburan Rakyat) Komp.Pinangsia Raya. JAKARTA HAYAM WURUK 1 Mangga Besar 2 Lokasari Plaza KCP 2038 (021) 6010213 (021) 6010213 3 4 Glodok Gajah Mada KCP KCP KC KCP KCP 0526 2004 0230 0502 1121 (021) 6248037. Pangkalan Kerinci.138. Jak Pusat Pasar Regional Tanah Abang Blok A Los F No. PERAWANG 16. 58 R Jak Pusat Plaza Menteng. Dasar Suite G.99 D dan E.

Angkasa 18 Kemayoran. Jakarta Pusat Gedung Annex Yayasan RS JAKARTA.017. JAKARTA KREKOT 1 Karanganyar 8. Pintu Air No. Jakarta Timur Jl. Cililitan. Jakarta 12810 Jl. 3500438 (021) 3519806.OUTLET 6. Kec Duren Sawit. Kec. Mas Mansyur Kav. . Tebet.H Thamrin No. Kramat Jati. JAKARTA JATINEGARA 1 2 Klender Tebet 3 Pasar Grosir Cililitan KCP 1124 (021) 80884273 14.H. Jak-Tim Jl.Jakpus Gd. 30. Wahidin No 1. Jakarta Timur TELEPHONE (021) 3843553. KC 0376 (021) 57933251 (021) 57933253 1 2 3 Grand Indonesia Blora RS Jakarta KCP KCP KCP 1194 2019 1195 (021) 23580448 (021) 31900772 (021) 57851632 (021) 23580449 (021) 31900773 (021) 57853873 4 Sudirman Park KCP KC KCP KC KC KCP KCP 2046 0345 1179 0356 0122 1117 0534 (021) 57943816-17 (021) 6006272/4. PELNI Lt. Penggilingan Cakung. Tebet Barat IX No. Dr. Jakarta Pusat) JL Gunung Sahari Raya No. Jakarta Timur Jl. Jl Sudirman kav 49. 80884273 (021) 5794390 (021) 6006280 (021) 62202884 (021) 4212913 (021) 8500646 (021) 8600405 (021) 83705545 9. Samanhudi No. Kalimalang Blok C3 No.1.Jl. Pasar Baru.13. Jakarta Pusat 10220 Grand Indonesia Shopping Town Unit EM 3-31Lt.07.15A.36-A. 8 Jakarta Pusat Jl.12. Jl. Veteran No. Dewi Sartika No. Jakarta Gedung Kementerian BUMN. Medan Merdeka Selatan No. 8516471 (021) 86612405. Kel Mangga 2 Sel. JAKARTA Pusat Komplek Ruko Sudirman Park No.6 Rt.35.3.3 (Jl. 44 Jakarta Pusat Pusat Pertokoan Karanganyar Permai 55 Blok A No 15. 3524665 (021) 3500284 (021) 3452535 (021) 2311873.011 Rw. Jl. Perwira II No 2 . 2314174 (021) 6299733/32 FACSIMILE (021) 3842840 (021) 3500437 (021) 3507094/95 (021) 3452334 (021) 3519851 (021) 3500687 (021) 3452548 (021) 3812876 (021) 6299734 7. Jakarta Timur Jl Raya Hamengkubuwono No. JAKARTA KALIMALANG KC 0419 (021) 86615198 (021) 8602587 1 2 Penggilingan Pondok Kelapa KCP KCP 0588 0528 (021) 4605628/9 (021) 86903931. Jakarta Pusat Jl. 6598256 (021) 62202882/3 (021) 4212903/4/5/6/8. 3840802. JAKARTA SUDIRMAN 1.I. Medan Merdeka Selatan No. 18 Jakarta Pusat Jln P Jayakarta no 26 Blok A. JAKARTA Pusat Jl.B. Rt. 3452334.40C. 3453689/98. Jakarta Pusat Jl. Menteng. 86903235 (021) 4605659 (021) 86902926 398 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. JAKARTA VETERAN 1 2 3 4 5 6 Lemhannas Pertamina Departemen Keuangan RSPAD Kementerian BUMN Pasar Baru TYPE OF OUTLET KC KCP KCP KCP KCP KCP KCP KC KCP BRAND CODE 0329 0596 0558 0507 0506 2020 2080 0261 1183 ADDRESS Jl.I No. SAHARI 1 Pangeran Jayakarta 10 JAKARTA KEMAYORAN 11. Blora No. 3757255 (021) 3519809 (021) 3506709. Pondok Kelapa Raya Blok F.4. Jakarta Jl. Jakarta Pusat Jl Raya Jatinegara Timur IV/ 448 Jl Pahlawan Revolusi No. 80884261. M. Kel. 3504991 (021) 3841731. 3858254/55. 6 Kel Klender. Jak-Pus 10110 Jl. K. Duren Sawit. Sawah Besar JAKARTA Pusat Gedung Arthaloka. 10. 3847739. 1. JAKARTA GN. 2311976. 4212911 (021) 8506400.4A. 86612414 (021) 83705544 (021) 80884255.007 Rw. Kec. Jakarta Pusat 10110 Gedung B Jl. Abdurachman Saleh. Jl Jend Sudirman Kav 7. Kec.

419875.Priok Cakung Tipar KC KCP KCP 0186 0535 1193 (021) 4300381. Jakarta Utara Gd. JakUt 14240 Kompleks Perkantoran Permata Kelapa Gading Blok D No.Jl. Kec Kelapa Gading JakUt Jl. Tanjung Priok.20 Rt. Lantai Dasar. KC 0416 (021) 45874567 (021) 45878819 1 Boulevard Raya KCP 1176 (021) 4528950 (021) 4528950 20 JAKARTA RASUNA SAID KC 0378 (021) 57942119/21 (021) 57942122 1 Kuningan Epicentrum KCP 2013 (021) 93903983 (021) 93903982 2 Mall Ambasador KCP 1223 (021) 5760130 (021) 5760130 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 6605024. Ancol. 43908559 (021) 46830546 (021) 43937634 (021) 43908447 (021) 46830553 16. Kelapa Gaind Barat.6. PRIOK 1 2 Adpel Tj. Jakarta Utara Jl Tipar Cakung. Sentra Bisnis Blok A-6A. Lt Upper Ground. Enggano Raya No. 4507911 (021) 4507654 1 Kelapa Gading KCP 0540 (021) 4525088 (021) 45840217 2 Kantor Permata Kelapa Gading KCP 2022 (021) 4517328. 6255641. BR-04. JAKARTA PLUIT 1 Kapuk Indah KC KCP 0415 1191 (021) 66605428. Klp. Blok A-B Utara. 6604984 (021)55964741 2 Muara Baru KCP 0541 (021) 6614146 (021) 6614146 19. 005. Jakarta Ruko Puri Grisenda Blok GE 35. Radin Inten Kec. JAKARTA Utara Jl. No. JAKARTA Utara Jl Muara Karang Raya No. 6127944 (021) 6123268 (021) 6013624 1 Harco Mangga Dua KCP 1196 (021) 6123263 2 Pasar Pagi KCP 2102 (021) 6123609 (021) 6123608 18. JAKARTA Sltn Mall Ambasador Lt. JAKARTA MANGGA DUA KC 0346 (021) 6013623. Komplek Agung Sedayu blok N no 6. Jl HR Rasuna Said. Jakarta Timur "Ruko Eksekutif Radin Inten Center No 8E.JAKARTA Pst Pusat Grosir Pasar Pagi Mangga Dua. Kebon Bawang. 1 Tg Priok Jakarta Utara Jl. Lantai 2 Blok KA No.28. 31.OUTLET 3 Pangkalan Jati TYPE OF OUTLET KCP BRAND CODE 0652 ADDRESS Jl. Jl Boulevard Raya Blok LB1 no.23-24. Jl Arteri Mangga Dua Raya Harco Mangga Dua. Kec Penjaringan. JAKARTA KELAPA GADING 2. Kel Pluit.005/05 Cip. Kelapa Gaing Barat. Duren Sawit.JAKARTA Utara Gd Wisma Bakrie 2. Unit BO-03. Kel. Jl. 399 . Raya Boulevard Barat Blok LC 6 Kav 69 . Kel. Klp Gading Boulevard Blok TA 2/34. JAKARTA KELAPA GADING KC 0320 (021) 4507656. Koja. 6605049 (021) 55965472/71 (021) 66605428. Jakarta Ruko Kelapa Gading Permai. Boulevard Bukit Gading Raya. JAKARTA TJ. Jak Utara Jl Boulevard Artha Gading. BR-05. Dasar No.Melayu. Kelapa Gading.1. Jak Selatan TELEPHONE (021) 86613897 FACSIMILE (021) 86613898 4 Radin Inten KCP 1187 (021) 86613153 (021) 86613166 15.79F. Kel. 4517828 (021) 45860736 17.70 Kel. Kec. 4300161 (021) 43908446.Jatiwaringin No. 6127945. JAKARTA Timur " Jl Yos Sudarso No. Mall Mangga Dua Kav. Kav b-2 Jak Selatan Rasuna Office Park. Kec. Jakarta Utara Jl Pluit Kencana No. Kec Pademangan. Jl Kapuk Raya. Gading Kec.78. Kuningan. Jl HR Rasuna Said. 36 Jl Prof Dr Satrio. Kel.

Kelapa Gading. Jagakarsa. Gatot Subroto Kav. Pasar Minggu. JAKARTA GT SUBROTO 1 2 3 Telkom Gatot Subroto Gedung BEJ Jamsostek KC KW KANINS KC KCP KCP KCP 0359 0594 0671 2071 0317 (021) 56983751/52 (021) 52920581. Jl Gatot Subroto Jakarta Selatan Jl.26. SUNTER KC 0441 (021) 64716828 (021) 65834019 25. 3102679 (021) 4517897. 5204414 (021) 52731746/47 (021) 5152791 (021) 52961529. 7983911. JAKARTA PLUIT 2. 11. Jl. Jakarta Selatan Jl.3 Blok Q/IV Rt.11 Jl.38. Jakarta Pusat Jl. 45600777 (021) 56983753 (021) 52920586. Jakarta 14350 Ruko Puri Mutiara Blok A No. Gatot Subroto Kav.OUTLET TYPE OF OUTLET KC BRAND CODE 0434 ADDRESS Rukan Graha Cempaka Mas Blok A28-A29. 79195844 (021) 7252125 (021) 79199114 (021) 7820575 (021) 79188280 (021) 25535173 (021) 7982480. 4521881 (021) 4255277 (021) 42804035 (021) 3147707 (021) 4517897 22. 52920587 (021) 7255732 (021) 5204433 (021) 5273175 (021) 5152790 (021) 52902369 Gedung Mulia Lt. Jl. 24. Kec. 8 Jakarta Selatan Jl. Jakarta Utara TELEPHONE (021) 42889598. Rawa Bambu No. 5204417. Jl.1A. Jaksel Jl. 42889579. Kebayoran Baru. Jend. Kecamatan Tanjung Priok. 52 jakarta Selatan Jl. Cempaka Putih Raya. 52. JAKARTA WARUNGBUNCIT 1 2 3 4 Cikajang Pejaten Rawa Bambu Graha Pulo 5 TB Simatupang KCP 2075 (021) 7815080 (021) 7815665 400 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 52920585 (021) 7245343 (021) 5204431. Mampang Prapatan No. Kel. Kel. Jaksel Jl Gatot Subroto Kav. Tj Priok. Suprapto. 2. 5204466. Kav 33. Sunter Agung. Jakarta Pusat 10640 Jl Danau Sunter Blok M. Jakarta Selatan Plaza Semanggi Lantai Underground Banking Hall. Jakarta Jl. JAKARTA KELAPA GADING 3. Pantai Indah Kapuk. Tanjung Priok JAKARTA Utara Graha Cempaka Mas I Blok E. Jakarta Selatan Komplek Ruko Tanjung Barat. Jakarta Gedung Menara Jamsostek. Jl. 42803024 (021) 42804038 (021) 3102288. Tanjung Barat. JAKARTA WAHID HASYIM 23. Raya Pejaten no 20. Sunter Agung. 3 Kelurahan Sunter Agung. Buncit Raya No.88. 7983911 (021) 7392467 (021) 79199114 (021) 7820575 (021) 79188283 2. Hang Tuah Raya. Kotamadya Jakarta Utara Rukan Cordoba Blok E No. Jakarta Selatan Gedung Graha Pulo Jl. Jl. Jend Sudirman Kav 52-53. 42888493 FACSIMILE 21. Jakarta Pusat Jl. Jakarta Utara 14240 Jl Danau Sunter Utara Blok C2 No. JAKARTA II JAKARTA II 1. Kec. Jakarta Selatan 4 Plaza Semanggi KCP KC KCP KCP KCP KCP 2123 0341 0651 1182 2009 2074 (021) 25535174 (021) 7982411.89. Letjen. JAKARTA CEMPAKA MAS (021) 42888495 1 Sunter KCP 1115 (021) 70768011 (021) 65837007 2 Puri Mutiara KCP 1188 (021) 65310562 (021) 65310563 3 4 Cempaka Mas Yarsi KCP KCP KC KC 0522 2079 0433 0439 (021) 4255328. Wahid Hasyim No. 9 . . 5204444. Letjen Suprapto.Cikajang No. Jend Gatot Subroto No. Boulevard Raya TB 2 No.1/24. Tubagus Simatupang No.88D. Jakarta Selatan JSX Building Tower Jl.001/05 Kebayoran Baru.Psr Minggu.192.

Minggu. Jl. Jakarta Selatan Jl Cinere Raya No. JAKARTA KEB.7 Kel. 7294069 (021) 72789970 (021) 7194520 (021) 723645 (021) 7294066 4. Supomo.G 33B. 75913022.Baru. No.9A. Kel Menteng Dalam. Kec.5-B. Type Emerald No. 68196654 (021) 7206362 3 Pondok Indah Mall KCP KC KC KCP KCP 1146 0339 0330 0501 0525 (021) 75921055 (021) 78833026. Jakpus Mabes Polri. Baru.2 No. Cinere Jl. Lama. Kel. Karang Tengah Raya No. Ps. Keb. 8314165 (021) 7255834 (021) 83785562 (021) 8314198 (021) 7247701 1 Wijaya Center KCP 2008 (021) 7202954 (021) 7246063 11. BEKASI ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.97. Keb. Kebayoran Baru. Jak Selatan Gedung Manggala Wanabakti. Jl. Tebet. 7503980/81 (021) 7694430. Kel Pajetan Barat. Jl. 7201054/5. JAKARTA CINERE 1 Cinere KC KCP KC 0428 0523 0139 (021) 75913427 (021) 7540841 (021) 8800971 13.S Fatmawati No. Kec.OUTLET 3. Jakarta Selatan Jl Panglima Polim Raya no. Jl. 62. Jl Arteri Permata Hijau. Jakarta Selatan Ruko Royal Palace B. Jaksel Komplek Ruko Grand Wijaya Center Blok F No. 8314176. Ragunan Raya 39. 78839888 (021) 7694430. Komplek Pertokoan Duta Mas Blok B.37 Jaksel Jl. Kec. R. Jakarta Jl Ampera Raya No.Raya Fatmawati. Jl.62 Blok M. 8. JAKARTA PASAR MINGGU 6.93. 7503979/80 (021) 72793825/6 (021) 75921053 (021) 7802262 (021) 7695239 (021) 7695239 (021) 72793815 5. Jakarta Jl Gatot Subroto No. 7894356 (021) 75913427. Jakarta 12210 Jl Ciledug Raya No. Kel. Kotamadya Jakarta Selatan Jl. Kemang Raya No. Jak-Sel Grand ITC Permata Hijau. 8314198. Kec. JAKARTA PD INDAH 1 Permata Hijau KCP 1116 (021) 53664223 (021) 53664234 2 Cipulir KCP 1133 (021) 58904160. Jl Gatot Subroto. Jakarta Selatan Jl. 401 . Ir.6. Kehutanan Jakarta KCP 1167 (021) 57902931 (021) 57902932 3 4 5 Mabes POLRI Kemang Melawai KCP KCP KCP KC 2018 2114 2124 0362 (021) 72789972 (021) 7194517 (021) 7258104 (021) 7294070/71/72/73. 7984230. Jak-Selatan Pd. JAKARTA PANCORAN 9. BARU 1 Ampera TYPE OF OUTLET KC KCP BRAND CODE 0193 1130 ADDRESS Jl. 19. 31/Grogol Utara. Kec. Jl. Keb Lama.Pancoran. Raya Pasar Minggu No. Juanda No. Indah Mall 2 Lt. Trunojoyo. 88349008. 3.5 Rt.Duren Tiga. Selong. Kec. Kel Ulujami.6. Kebayoran Lama. 7540845.Indah Jakarta Selatan Jl. Jl. 75913023. 8802820/24 (021) 7983920 12. Wijaya II. Psr Minggu. Tanah Abang. 75914846 (021) 7540856. Jakarta Selatan Gedung ITHO Bona Plaza. JAKARTA SAHARJO 10. Jakarta Selatan Jalan Melawai Raya No. 7201053/8 (021) 71792504 FACSIMILE (021) 7201056 (021) 7192410 2 Dept. 15 Cipulir. JAKARTA FATMAWATI 1 2 RSU Fatmawati Duta Mas 7. Raya Metro Pd.Dasar No. Sel. Jakarta Selatan Jl. Keb.Hasanuddin No. 7983920.2 Rw. 72. JAKARTA KALIBATA KC 0426 (021) 7983942.S Fatmawati Cilandak JAKARTA. Sultan Iskandar Muda/ Arteri Pondok Indah Kav. 7536209 (021) 880280. Bekasi TELEPHONE (021) 7201053/4. R.B.29. Pulo.7. JAKARTA PANGLIMA POLIM KC KC KC 0390 0427 0420 (021) 83785557/58 (021) 8314159.

39.no B-7 Jl Kasuari Raya. CIKAMPEK 1 Kosambi 16.Bekasi TELEPHONE (021) 88342908 FACSIMILE (021) 88359638 14.1 Jl Chairil Anwar. Kab. Sudirman 15-D.49. Blok Kraton RT. Desa Sukaresmi Kec. Pondok Gede.80/152.27. KARAWANG 1 Rengasdengklok 2 Karawang Wetan KCP 2073 (0267) 8453443 (0267) 8453445 18. 23-25 Jl Raya Ppondok Gede Bekasi Komplek Pondok Gede Plaza Blok A-20. Kab. Bogor Jl.OUTLET 1 Tambun TYPE OF OUTLET KCP BRAND CODE 1105 ADDRESS Ruko Kalimas Blok B.3. Jend. Bekasi Jl. 8326468 (0251) 8321851/8 (0251) 8337578 (0251) 8372213 (0251) 8372392 (0251) 8326768 (0251) 8321856 (0251) 8338822 402 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.Pancawati. Cikampek Jl Raya Pancawati. Ds. 95A Rt. Raya Pahlawan No. Karawang Jl. Kec Bogor Utara. Raya Jatiasih No. Karawang Jl Raya Pajajaran No. KC. Tuparev No.06. 8616545 (Pincapem) (021) 88394731 (0264) 316743 (0267) 8616545 15. Klari. Cikarang Baru Cikarang Plaza Blok B No. Rengasdengklok. Bogor Jl.3 RW. Bogor Timur. Cikampek Plaza Pondok Gede Ruko Blok C. 82433791 (0267) 402333. Karawang. Cikarang. Bogor Jl.12A. 44A. Kel Margahayu. Cikarang Barat.312. 312200. Raya Tajur No. 415138 (0267) 484843 Jl. Jatibening. Tuparev No. Bandongan. Cikarang. Yani No. No. Bekasi Jl Raya Cikarang-Cibarusah No. Jl Raya Cikarang. Karawang Wetan. 8935349. 8431235 (021) 84993668 (021) 84312135 (021) 82433835 (0267) 415228. Jatirasa. Kec. Cikarang Selatan Kab Bekasi Jl. Kc. Kec. Karawang Jl. Kel Pajajaran. 27. Kec Bekasi Timur Bekasi Ruko Cikarang Comersial Centre. Rengasdengklok. Pondok Gede. Bekasi Plaza Roxy Blok S1. Tambun. Sukasari. Jatiasih. Bekasi 17550 Jl Teuku Umar no.10. A.02/RW. Bogor (021) 82433735. Kec. 82433768.408. Kel. Suryakencana No. BOGOR PADJAJARAN KC 0387 (0251) 8334568 (0251) 8334568 1 2 3 4 5 Baranangsiang Sudirman Batu Tulis Suryakencana Tajur KCP KCP KCP KCP KCP 1180 1189 1149 0531 0533 (0251) 8372302 (0251) 8372310 (0251) 8326685. Cibarusah KM 40. Bogor Jl Raya Pajajaran Jendral Sudirman no 78-O. Inspeksi Kalimalang Blok B.B. CIKARANG KC 0319 (021) 89835728. Kel. Bekasi Jl. PONDOK GEDE KC 0385 (021) 84938476/77/78 (021) 84948480 1 Pondok Gede KCP 0527 (021) 84938476/78 (021) 84938480 2 3 4 Jatibening Mabes TNI Cilangkap Jatiasih KCP KCP KCP KC KCP 1169 2101 2108 0116 0597 (021) 84976959 (021) 8723937. 319273 (0267) 8616546. 316085. Bekasi Jl Caman Raya no 17H RT. Bogor Selatan Jl.02/06. 16. 89835728 (021) 8934544 1 2 3 Cibitung Jababeka Cikarang KCP KCP KCP 1186 1165 0537 (021) 88324402 (021) 89840763/64 (021) 89110462 (021) 88324402 (021) 89840763 (021) 89110463 4 Cikarang Selatan KCP 1131 (021) 89677087/89 (021) 89677087 5 Sentra Niaga Kalimas KCP KC KCP 2072 0302 1181 (021) 88394730 (0264) 316069. . 415315 (0267) 484841/2 17. Kel. Jend.

Kel Ciriung.7-8. Bogor Jl Raya Parung. Jatisampurna Bekasi Jl. Timur Jl. 23 No.Kel. 3. Kab Bogor Jl. Cimanggis.2/1. Kalisari No. 87941134 (021) 8670145 (021) 87721352 (021) 87795861 (021) 87713556. 33 Depok Jl. Kec. Jl. 82409326 (021) 88961786 1 2 Sentral Niaga Kali Malang RS Ananda KCP KCP KC KCP KCP 0529 1153 0423 1150 2113 (021) 88850370 (021) 88855108 (021) 82431125 (021) 82404331 (021) 82434645 23. Jl Mayor Oking Jayaatmaja.OUTLET 6 7 IPB Dermaga Parung TYPE OF OUTLET KCP KCP KC KC KCP KCP KCP BRAND CODE 0595 1128 0012 0538 1147 1163 0672 ADDRESS Kampus Institut Pertanian Bogor. Bekasi. Kel. Jl Raya Alternatif Cibubur. 8337180 (021) 77212719 (021) 7870338 (021) 77835031 (021) 70241012. Cibinong. Kec. Ps.6. 19-20. Kalisari. Dermaga. Margonda Raya No. Depok Jl.Kec.25. Psikologi Jl Trans Yogi . Pasar Rebo.438. BOGOR DEWI SARTIKA 20. CIMANGGIS 1 2 Cijantung Kalisari ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Rebo JAKARTA. CIBUBUR KC 0384 (021) 8446653 (021) 8446654 1 2 Arundina Cileungsi KCP KCP 1170 1152 (021) 8721694 (021) 8230614 (021) 8721694 (021) 8230614 3 Kranggan KCP 0578 (021) 843000017 (021) 843000016 22. Kec. Jl Raya Bogor KM 29. Kec. Bekasi Jl Lapangan Tembak no 14H. Jendral Sudirman Ruko 1A dan 1B No.Kemirimuka.Yani. RT. Jatikarya. Kel. Bekasi Perumahan Kemang Pratama Blok AN-08. Bogor Jl. Depok Kampus UI Depok Fak.2 No. 8842559. Depok Ruko Mutiara kav no 11. Bekasi Jl Raya Pekayon no 17. Rawalumbu. Kec Parung. Kec CIteurep Ruko CV Mitra Lestari Cimanggis. Kav. Jl Sultan Agung 173. 88960863 (021) 88850371 (021) 88861041 (021) 82426364 (hunting). PEKAYON 1 2 Galaxy Kemang Pratama 24. Cibinong Jl Raya Mayor Oking no 78. No 9. Kec. 82431840 (Pinca) (021) 82404134 (021) 82401711. A. CIBINONG KC 0421 (021) 87914799 (021) 87914795 1 2 Cibinong Mayor Oking Gunung Putri KCP KCP KC KCP KCP 1134 1151 0422 0510 2005 (021) 87941154. JAKARTA Timur Jl Narogong no 3. 1-2. BEKASI BARAT KC 0424 (021) 88961279. Bogor Komp Ruko III Citra Grand No. Kel. Raya Bogor Km. 8843457. 88961786.Jl Alternatif Cibubur. Jl Tole Iskandar no 66.Beji. Medan Satria. DEPOK 1 2 3 Margonda Depok Timur Kampus UI 21. Bekasi Selatan 17144 Komplek Ruko Sentral Kalimalang Blok A. Jakarta Timur TELEPHONE (0251) 8391393 (0251) 8610154 (0251) 8312249. Bekasi Ruko Graha Cibinong Blok B No. 70300536 FACSIMILE (0251) 8423046 (0251) 8610194 (0251) 8320043 (021) 77212720 (021) 78884575 (021) 77835031 (021) 70300536 19. Bekasi Selatan Komplek Ruko Taman Galaxy Indah blok H no 1. Desa Parung. Bogor Prum Taman Rezeki.51A. Kranggan Permai Blok 16 No. 19. Jatisampurna. Kec. Kayuringin. Dewi Sartika No. 1. Kc. 87713558 (021) 87914185 (021) 8670145 (021) 87721364 (021) 87795861 (021) 87703133 25. Bojong. Raya Margonda No. Cileungsi. Kel Jatikarya Kec. Ciracas. 403 . Jl Raya JAKARTA Bogor Km 43.

53653473/74 (021) 6918281. Panjang Rt. 54 Jakarta Ruko Duta Indah Square Blok B No 1. JAKARTA Barat Jl Meruya Ilir No 36 C. 17 Kel. Jakarta Barat Jl. Kebayoran Baru. Taman Aries. Meruya Utara Kec. Kembangan. JAKARTA Selatan TELEPHONE (021) 7205086/87 (021) 80876626 (021) 78846182. Cilandak Timur. JAKARTA KRAMAT JATI 28. JAKARTA TANJUNG DUREN KC KC 0379 0395 (021) 56962970 (021) 56968750 1 Mall Taman Anggrek KCP 0505 (021) 5639581/2/3 (021) 5639581 2 Greenville KCP 1210 (021) 56943902 (021) 56943902 5. Komplek Greenville Blok C No. JAKARTA KOTA 1 Teluk Gong TYPE OF OUTLET KC KC KC KC KW KC KCP BRAND CODE 0430 0442 0439 0444 0853 0019 1171 ADDRESS Jl. .31 (Banking Centre) Jl. 6927385. Rw. Bekasi Jl. 78846183 (021) 88332523 (021) 53653470 (hunting). JAKARTA DAAN MOGOT 4. Panjang No. JAKARTA PALMERAH KC 0397 (021) 53653145 (021) 53653142 404 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Duri Kepa. Jakarta Barat Jl Palmerah Barat No 43 A. Cengkareng. 58907166 (021) 58906368 1 Meruya Ilir KCP 1177 (021) 5854303 (021) 58907339 2 Taman Aries KCP 2139 (021) 5856706. Jl. TB. 02. Jl Raya Teluk Gong No 15 Jakut Ruko Taman Duta Mas Blok E-1 No 12A. Simatupang Kav.13 Rw. Kopi No. 6298659 (021) 66698265 FACSIMILE (021) 7206982 (021) 80871126 (021) 78849872 (021) 88332522 (021) 5481766 (021) 6924658 (021) 66698264 2 Tubagus Angke KCP 1172 (021) 56944495 (021) 5694457 3 Mutiara Taman Palem KCP 2045 (021) 29020108. JAKARTA Barat Rukan Kencana Niaga Taman Aries Blok D 1 No. Jak Barat 11510 Jl Tanjung Duren Barat I No 34. Kec. G No. Jl Tubagus Angke.3. 5856733 (021) 5856706 6.OUTLET 26. 1 K. Jakarta Barat Puri Botanical Garden Blok H 7 No 1-2. 1. Kebayoran Lama.24. S. 29020109 (021) 29020109 2.333. Jl. Srengseng. Jl. TAMBUN JAKARTA III 1. JAKARTA KEBON JERUK 1 2 Batusari Pesanggrahan KC KCP KCP 0377 2041 1118 (021) 5356343/58 (021) 53654865 (021) 58906231. JAKARTA Barat Mall Taman Anggrek Ground Floor G. 53653467/69. Kec Kembangan. 2A Kel Meruya Utara. 56963423 (021) 56969422. Kebon Jeruk. Jakarta Barat (Intercon) Jl Daan Mogot No. Jl. 56963124. Tambun. Jakarta Timur Wisma Raharja Jl.21 JAKARTA. Kebon Jeruk.Parman Kav. Jakarta Selatan Ruko. Kel.2A. Kembangan. 5481320 (021) 5683660.Kebon Jeruk. Raya Bogor No. Kec. 56963310. Kebon Jeruk. 56981293 (021) 5332487 3. Jakarta Selatan Jl. Parman Kav.9-11. Raya Joglo. Letjen S. Jakarta Barat Jl. Jakarta Barat Jl. 58905250 (021) 5301640 (021) 53654869 (021) 58905249 3 Kebon Jeruk KCP 0539 (021) 5481433.130 Rt.Petamburan Jakbar Komplek Ruko Mutiara Taman palem Blok A-6 No. Kebon Jeruk. Jakarta Barat Ruko Jl Pesanggrahan No. Teuku Umar. Slipi.122. Kec. TB SIMATUPANG 29. Kel. JAKARTA JOGLO KC 0396 (021) 58907163.01 Kel. Kebon Jeruk Raya No. Kab.06. JAKARTA RADIO DALAM 27. Radio Dalam No. Jakarta Barat Wisma Relasi. 56963053.

Tangerang Selatan TELEPHONE (021) 58300737 (021) 5813591 (021) 54376462 FACSIMILE (021) 58300379 (021) 5813592 (021) 54376465 8.28. Utanjati Kalideres. JAKARTA JELAMBAR KC 0418 (021) 5696692. Tangerang Komplek Ruko Plaza Bintaro Jaya Sektor 3 No. Kec. 55963704 (021) 55963564 2 Citra Niaga KCP 2040 (021) 54375462 (021) 54374590 9. Tangerang Ruko Jalur Sutera Kav. Tangerang Jl MH Thamrin no 13.PARMAN 1 Slipi KCP 1120 (021) 53690977/8/9 (021) 53690979 11. 19/6. Kel Cikokol. Kab. 88F. Tanjung Duren Utara No 1. Jl. Tangerang Jl Pahlawan Seribu.Palmerah.Kemanggisan. Kel. 405 . Kel Muncul.41. Kec.KH.OUTLET 7.Hasyim Ashari. JAKARTA Barat Jl. JAKARTA PURI NIAGA 1 Asshidiqiyah TYPE OF OUTLET KC KCP KC BRAND CODE 0398 0520 0399 ADDRESS Puri Niaga II Blok J-I No 2T-sU. Jakarta Barat Jl.D. Pakujaya. Kembangan Sel. Komplek Ruko Grogol Permai Blok A 25-26.39. Grogol Jakarta Barat 11460 Ruko Sentra Menteng Blok B7-MN No. 7375857 (021) 7375856 2 Graha Raya Bintaro KCP 2136 (021) 5399449 (021) 5399481 13. 6329986/82 (021) 63866641 (021) 5961585/6 (021) 53654096 (021) 6329982 (021) 63866641 (021) 56961587 (021) 53654097 10. Palmerah. 53161402/4/5 (021) 53123419 (021) 54212198 (021) 5376570 (021) 53122978 (021) 54212198 3 4 Batan Cikokol KCP KCP 1185 2011 (021) 75871167 (021) 55754668 (021) 75871167 (021) 55754668 5 Alam Sutra KCP 2135 (021) 70081813 - ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Grogol. Tangerang Jl Pusppitek Raya no 19C. Tangerang Ruko Alexandrite. BUMI SERPONG DAMAI 1 2 Serpong Gading Serpong KC KCP KCP 0509 1143 1145 (021) 5376571. Kc Setu. Jakarta Barat Jl. 56981105 (021) 56981106 12. Jakarta Graha Raya Bintaro Jaya. Kel Kemanggisan. Kel. JAKARTA S. Jakarta Komplek Perum Daan Mogot Baru Jl Tampak Siring Blok KJH No.6.3 dan 3A Jakarta Komplek Perum Taman Palem Lestari Blok C1 No. Jakarta Pusat Jl KH Mas Mansyur no 120 C. Arteri Kebon Jeruk.1 Kel. Latumenten. 30 D No. JAKARTA ROXI 1 2 Jembatan Lima Universitas Tarumanegara KC KCP KCP KC 0338 0653 0592 0417 (021) 63855121. Serpong Kab. BINTARO KC 0393 (021) 74861251. Ruko Golden Boulevard Blok Q 6-7.30. Prof Dr. Pakulon Kec. 1-2 Jl.1/6. Kec. Cengkareng Ruko Citra Niaga Blok A No. Jakarta Barat Pusat Niaga Roxi Mas Blok B1 No. RT. 74861109 (021) 74861026 1 Bintaro KCP 0521 (021) 7375169. Anggrek Loka Blok A 1/11 C. Jl Boulevard Raya Gading Serpong No. Serpong.Parman Blok G/9-11. Jakpus Jl.C. Jl. Jakarta Barat Jl Kemanggisan Raya No. BSD Tangerang Ruko Sentra Niaga III E No. Kedoya. JAKARTA KALIDERES 1 Taman Palem KCP 2045 (021) 55956548. Sam Ratulangi Sektor 7 Bintaro Jaya. Letjend S. Tambora.

Jend. Kab Tangerang. Kab Tangerang Jl. .002/002 Kampung Kabembem. Cirendeu Raya. 5515914 (021) 73451880 (021) 5524356 16. PANDEGLANG 21.II C.90. Kel. CILEDUG 1 Ciledug KCP 1106 (021) 73440663 (021) 73440713 2 Karang Tengah KCP KC 2137 0120 (021) 73451880 (021) 5520789. Blaraja. LABUAN 20. Karawaci. Kel. CILEGON 1 Cibeber 19. 201683.A Tirtayasa No. Rangkasbitung Jl. Jakarta Selatan Ruko Pamulang Permai 1 Blok SH 20 No. Juanda). 42. Kec. Sudimara Barat Ciledug Tangerang Jl. 3 Jl Pamulang Raya. KH. Labuan. Pandeglang Jl. 32 Jl HOS Cokroaminoto. Cipondoh No. 3. CIPUTAT 1 Rempoa KC KCP 0382 2012 (021) 7403188. 7427806 (021) 7354423. Rt. Ruko Cirendeu Griya Permai No. Jl Cabe Raya. Tangerang Komplek Ruko Indah Mas Jl. / Kec. Diponegoro No. Kec. Cilegon Km 20 (Jl serang) Jl. 5 Cilegon Jl Jend Ahmad Yani. Bhayangkara No. Desa Cireundeu. 34. Tangerang Ruko. Jend. 175-176. 82800. 9 B. Ciledug. 73888812 (021) 7427737 (021) 7355641 2 Pamulang KCP 1127 (021) 7411952 (021) 7411952 3 Jakarta Universitas Terbuka KCP 1173 (021) 7403591 (021) 74708367 4 Cirendeu KCP KC 0524 0392 (021) 7493285. Tangerang Jl Ciputat Raya No.4. Tangerang Jl. Serang TELEPHONE (012) 54213536 FACSIMILE (021) 54211570 14. 81761 (0253) 201047. 391351 (0254) 387263 (0253) 81213/4. Tangerang Jl. RC Veteran No. 156. Gedung 600.03. Sudirman No. Kec.24 Rt. 7495529 (021) 7343543/63 (021) 74710406 (021) 7343517 15.OUTLET 6 Supermall Lippo Karawaci TYPE OF OUTLET KCP BRAND CODE 2126 ADDRESS Supermall Karawaci Lantai LG No. TANGERANG 1 Balaraja KCP 0536 (021) 5952545. Pamulang Barat.7. Ika Jatmika No. Jl Imam Bonjol No. Tangerang Pusat Perdagangan Anugrah Ciledug Blok D No. Raya Raden Saleh No. Pandeglang Banten Jl. Jakarta Jl HOS Cokroaminoto no 71. 5282558 (021) 5952577 2 Karawaci KCP 1132 (021) 55791051 (021) 55791051 3 4 5 Tangerang Pasar Baru Bandara Soekarno Hatta Hasyim Ashari KCP KCP KCP KC KC KCP KC KC KC 1129 1144 2010 0080 0188 1164 0166 0062 0084 (021) 5518306 (021) 55910938 (021) 55752322 (0252) 201012. Jl Raya M Toha Tangerang(Jl Raya Mauk Tangerang) Angkasa Pura 2. Raya Serang Km.001 Rw. 1. 201333 (0254) 210025/26 (021) 55791097 (021) 55910938 (021) 55752322 (0252) 204112 (0254) 391960 (0254) 387293 (0253) 82666 (0235) 203501 (0254) 200133 17. Pamulang. Ds Kreo. 7.Tangerang Jl. Kab. 105 Boulevard Diponegoro. S. Cengkareng Jl. RANGKASBITUNG 18. Banten Ged Pelayanan Kanpus lt 2. 88 (Ir H. 5524357. Pamulang. SERANG 406 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 204063 (0254) 391393/2. Ciputat. Ahmad Yani No. P. Karang Tengah. Kawasan Lippo Karawaci Tangerang Ruko M Toha Blok B No. Hasyim Ashari.

MEMPAWAH 1 Sungai Pinyuh 25.Yani 26. Sintang.Sintang. Blok H. Sungai Pinyuh. Ds. Kec. Jend. Sintang Jl. Sekadau Hilir. Kab. Diponegoro No. Bengkayan Jl.8-9. Babakan. Talagasari.OUTLET 1 Cikande TYPE OF OUTLET KCP KC KCP KCP KCP KC KC KCP KC KCP KCP KC KCP KCP KC KCP KCP KC BRAND CODE 1166 0089 0567 0568 1168 0305 0207 2037 0071 0569 2061 0322 1178 2081 0304 1162 2049 0208 ADDRESS Kawasan Modern Cikande.Kampung Durian. 22122 (0563) 2022714 (0564) 41130 (0565) 21506. 21504. Tangerang Ruko Bisnis Park Tangerang City Blok B/1. PONTIANAK 1 2 Gajah Mada A. Pontianak Jl. 691072 (0561) 654452 (0561) 734009. 634477 (0562) 441459 (0562) 243776 (0562) 392649 (0567) 21436. SINTANG 1 2 Melawi Sungai Durian 28. Kelurahan Pebuaran TELEPHONE (0254) 401242 (0562) 631653. Wirapati . Raya Serang Km.02 Kel. Yani No. 407 .Ahmad Yani Pontianak Jl. Hambal No. Kalbar 78912 Jl. Kab. Kapuas Kanan Hulu. Pontianak Jl. TANGERANG BALARAJA KC 0437 (021) 5955015 1 Cikupa KCP 1184 (021) 59405201 30 TANGERANG CITY (TANGERANG II) KC 0438 (021) 55782520 (021) 55782521 31.Kc Cikande. Pontianak. 23 Singkawang Kalimantan Barat Komplek Pertokoan Jl. Nanga Pinoh. Melawi Jl. Balaraja. Kecamatan karawaci. 760945. Ds Bumi Emas. Sudirman No. P.I. Tangerang. 21502. 4. 21020 (0561) 691067. 31195 (021) 5954714. Jl. Kalimantan Barat Jl Juang No 10. Kalimantan Barat Jl. Putussibau. 29342 (0563) 2022715 (0654) 41933 (0565) 22409 (0568) 21609 (0565) 2025518 (0534) 32170 22. PUTUS SIBAU 24. Sudirman dan Jl. Perintis Kemerdekaan . 5528229 (021) 5520683 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.Serang Jl. 5954716-17. Kab Landak Jl.24. 1. G. 2. SANGGAU 1 2 Landak Sekadau 27. Kec. Jend. Adi Sucipto No. TANGERANG III (MERDEKA) KC 0445 (021) 5528228. 631624. 691306. Sanggau Kalimantan Barat Jl Raya Ngabang KM 2. Kel.10/RW. Tangerang Jl Raya Serang. D. Ds Talagasari. Gajah Mada Blok 259. Raya Sekadau . Kalimantan Barat Pertokoan Balaraja Centre Blok A No. 59. A. Panjaitan No. Kel. 21949 (0568) 22322 (0565) 2025517 (0534) 32091/92. 82. Kec. Jerenden AR. Kab. SINGKAWANG 1 2 3 Bengkayang Pemangkat Sambas 23. Moh. Kab Sambas Jl.M. Taufik 29 Mempawah. Barito No. Jl Raya JAKARTA Km 68. Tangerang Jalan Merdeka Nomor 110 C-G Propinsi Banten. Kalimantan Barat Komplek Pertokoan Pasar Flamboyan. Sekadau Jl. Seliung RT. KETAPANG 29. Ketapang. Jend. 5950711 (021) 5962148 FACSIMILE (0254) 401239 (0562) 633336 (0562) 441054 (0562) 243775 (0562) 393082 (0567) 21592 (0561) 691140 (0561) 654451 (0561) 733019 (0561) 733145 (0561) 760422 (0564) 21215. 780876. Kota Tangerang. 742775. Kec. 741616 (0561) 734711 (0561)733433 (0564) 21123. Jl.12.Kc Ngabang. Cikupa. Jl. Pemangkat Jl Gusti Hamzah.

Bandung Gedung Menara BRI Lt. 283718 (0233) 318431 (0264) 200120/1. Indramayu Jl. Raya Cimahi No. Singaparna 3. Bandung TELEPHONE (022) 4200356 (hunting) (022) 4200363. Jl. 204285 (0260) 413141/2. 6651728 (0265) 545821. . Kartini No. MAJALENGKA 1 Abdul Fatah KH 5. 34.8. 166. Jl. BANDUNG ASIA AFRIKA 1 2 3 4 2. Pasir Kaliki No. Ciamis Jl.68 Jl. Indramayu Jl KH Abdul Halim 286 Majalengka Jl KH Abdul Fatah No. Bandung Jl Rajawali No 95 B. Asia Afrika No.227/C. 774450 (0263) 261237. 65.57-59. 150 Bandung Jl Cijerah No. Ikik Wiradikarta 7. 87. 6044109 (0262) 232318.I. D. 871264. A. PURWAKARTA 6. 334717 (0265) 455290 (0265) 771073. 281479. Kol. 59 Cikijing Kab Majalengka Jl. 6 Kuningan Jl. Otista No. Panjaitan No. Subang Jl Ahmad Yani No. Yani No. Cimahi Jl. 222433. CIAMIS 10 CIANJUR 1 Cipanas Ciawi 11. 271397 (0234) 611864 (0233) 281307. 207401 (022) 7791202 (0265) 330619.A. CIMAHI 16. Sukra. Cikeruh. 5444666 FACSIMILE (022) 432038 (Sekertariat). 4206356.6. Raya Patrol . Jend. 222087. Kec. Cikajang Jl. Ds. 871125. Prabu Geusan Ulun No. Garut Kompleks Ruko IBC Blok A. 10. 148. Tasikmalaya Jl.4. SINGAPARNA 408 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Juanda No.Log) (022) 4236710 (022) 4239142 (022) 6046595 (022) 4208523 (022) 6044104 (022) 6019602 (0262) 232013 (0262) 2244500 (0262) 577977 (0234) 272322 (0234) 611864 (0233) 282279 (0233) 318432 (0264) 206535 (0266) 223830 (0261) 201884 (022) 7791202 (0265) 334446 (0265) 455290 (0265) 771219 (0263) 265542 (0263) 511506 (0231) 208470 (0260) 413230 (0232) 871126 (022) 6652724 (0265) 545820 0005 0675 0673 1070 1071 0025 1345 1346 0028 0599 0046 1108 0075 0092 0094 0598 0100 1437 0104 0105 0517 0107 0123 0133 0137 0161 Jl. Ruko AR-Rusyudu Kab. TASIKMALAYA 1 9. 875977 (022) 6654579. Asia Afrika 57 . Cianjur Jl. 223734 (0261) 201556. 20123. Cimahi Jl Amr Machmur No.Adi Sucipto No. 85. H. Jend. 598.59. 4200360. R. 545332. R. 194. 420264/5 (0232) 871449. Tasikmalaya.12 (Jl. Tarogong Kidul Jl. Ir. Yani No. Cirebon Jl. Raya-Cipanas No. 413228/9. Guntur. 201263. SUKABUMI 7. 772825. 261174. 57-59. Kornel Singawinata No. INDRAMAYU 1 Patrol 4. Bandung Jl. KUNINGAN 15. 281207. 4200348 (OPS). Garut) Kec. 262210 (0263) 511031 (0231) 202085. 6044108. Raya Perjuangan Komp. 772469. Kab. Raya Cikajang Blok Pasar Tengah Kec. 545609. Pacet-Cianjur Jl. Sukabumi Jl. 283891. CIREBON 12.OUTLET BANDUNG BANDUNG 1. 235393 (0262) 2244500 (0262) 577977 (0234) 271364. Jatinangor Jl. Cimahi Jl.116. GARUT 1 2 Guntur Cikajang Rajawali Pasir Kaliki Cijerah Cimindi TYPE OF OUTLET KW KANINS KC KCP KCP KCP KCP KC KCP KCP KC KCP KC KCP KC KC KC KCP KC KCP KC KC KCP KC KC KC KC KC BRAND CODE 0198 ADDRESS Jl Asia Afrika No. Raya Jatinangor No. 263843. 38. 200186 (0266) 240024. 4200368 (Bag. A. SUBANG 14. Raya Timur No. 4207977 (022) 4200350/2. 4200352 (022) 6047038 (022) 4239960 (022) 6044575 (022) 6044858. Sumedang Jl. SUMEDANG 1 UNPAD Jatinangor 8.

6128397 (022) 6807882 (022) 4231564. Bandung Jl Soekarno Hatta Blok F no. 93.186. 354406 (0266) 533345 (0266) 433626 (021) 4232486 (022) 6072581 (022) 4263620 (022) 6128337 (022) 6808032 (022) 4236417 (022) 7803948 (0260) 550480 (022) 7270421 (022) 7323107 (022) 87242787 (022) 4213876 (022) 5414245 (022) 6046044 (022) 7560564 (022) 7536379 (022) 7502039 (022) 2032086 (022) 2039184 (022) 2016222 (022) 2789358 (022) 2503595 (022) 2508544 18. Dokter Setiabudhi No. 4215324/5 (022) 6044487. 553567. 409 . BANDUNG SOEKARNO HATTA 1 2 Metro Trade Center Batununggal 27.276.31. 4240240. CIBADAK 1 Pelabuhan Ratu 20 BANDUNG DEWI SARTIKA 1 2 3 4 Astana Anyar Pasar Baru Peta Bandung Padalarang 21. 4264330. Dayang Sumbi No.436438.140 Bandung l Ian Marta Sasmita No. 7. 630147 (0234) 351062. Naripan 93.H. 531810 (0266) 433625 (022) 4203666. 531376. BANJAR 1 Pangandaran TYPE OF OUTLET KC KCP KC KC KCP KC KCP KCP KCP KCP KC KC KC KC KCP KCP KCP KC KCP KCP KC KCP KCP KC KCP KCP KCP KC KCP BRAND CODE 0162 0542 0165 0181 0543 0286 0650 0674 1077 0656 0337 0354 0355 0389 1141 2105 2104 0401 2103 0600 0407 1107 2058 0408 2000 0655 1004 0405 0593 ADDRESS Jl.OUTLET 17.483 Padalarang Jl. 42009480 (022) 6128356. Ciamis No. Batununggal Indah No. 52 Pamanukan Jl Ahmad Yani no. Jatibarang Jl Siliwangi No. Bandung Jl Buah Batu No.A Cibadak Jl.H. 2016222 (022) 2789387 (022) 2532024 (022) 2508531. Dewi Sartika No.538.Surya Sumantri No. 4207335. Ir. Raya Lembang No. PAMANUKAN 24. Bandung TELEPHONE (0265) 741811/2/3 (0265) 630036.Merdeka No. Bandung Jl Cihampelas no. 4231532. 1 Banjar Jl. Siliwangi No. Mustofa No. Bandung JL Otto Iskandardinata No 77 Bandung Jl. Peta No.316. Soekarno Hatta. 2508486 FACSIMILE (0265) 741810 (0265) 630036 (0234) 351550. Cibaduyut No. Bandung Ruko Grand Surapati Core Blok B No7 Jl.39 JL.35 Pelabuhan Ratu. Siliwangi No. Lembang Jl. Juanda (Dago) No. BANDUNG DAGO 1 ITB ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.1-3. BANDUNG NARIPAN 22. Sukabumi Jl. Soekarno Hatta No. BANDUNG KOPO 1 2 Cibaduyut Pasar Caringin (Sumber Sari) 26. Jl. Bandung Jl. 7307665 (022) 87242787 (022) 42224668 (022) 5403553 (022) 72237922 (022) 6046043. BANDUNG AHMAD YANI 1 2 3 Simpang Buah Batu Suci Riau 25. 351270.P.168 Bandung Jl.130 B Jl. BANDUNG SETIABUDI 1 2 3 Cihampelas Setra Sari Lembang 28. Bandung AH NASUTION 23.Raya Padalarang No.34A Bandung Jl. 7803140/1 (0260) 551348/9. Bandung Jl. 3. Bandung Jl. 4215066 (022) 7800048.104.170 F-G. 351470.147. JATIBARANG 19. 162. Bandung Kampus ITB. 351550 (0266) 531106. Bandung Pertokoan Sumber Sari No. 6123007 (022) 4263419. Astana Anyar No. 106 -110 Bandung Komplek Gedung Merlin Blok Bihbul. 6046044 (022) 7569007 (022) 70633500 (022) 7502039 (022) 2032046/56 (022) 2042338 (022) 2020896. RE Martadinata No. 12 Bandung Jl. Pangandaran Jl. Bandung Jl Ujung Berung No. H.33. Bandung Jl. Bandung jl. 551223 (022) 7270277 (022) 7323107.

Raya Plered No. Raya Bangsi. 424912 (0292) 5135418 (0283) 881622 (0291) 685105 (0291) 591505 (0291) 772092 (0294) 381767 (0294) 642588 (0291) 436268 (0291) 4244305 (0295) 381676 (0295) 474466 (0285) 424318 (0285) 4417252 (0285) 785902 (0285) 381230 (0284) 321397 (0284) 584360 (0292) 421241 (0292) 5135428 Bangsri KCP KC KCP KC 5. 86393 (0291) 591026. Kesambi No. Pekalongan Jl. Kel. 194. Utama Tengah No. Brebes Jl. 531614 (0283) 671760/1. Pati Jl. BLORA 2. 6. Wiradesa. Blora Jl. Ds Jatibarang Lor. 84418146 (024) 8311110 (0296) 531210. Kec. Raya No. Jend. 591404. 384124 (0294) 642588 (0291) 432060. Kc. CIREBON GUNUNG JATI 1 2 3 Weru Sumber Ciledug TYPE OF OUTLET KC KCP KCP KCP BRAND CODE 0406 0601 1078 2128 ADDRESS Jl. Pekalongan Jl. Kab. Raya Kedung Wuni No. Grobogan 2 3. Weleri. Sudirman Timur No. KS. JEPARA 1 Ketanggungan KCP KC KC 1061 0016 0022 0611 0034 0548 0038 1314 0066 0546 0068 0549 0613 2028 0069 2068 0076 1075 (0283) 881061 (0291) 685900/1/3. . 424112. No.1. DEMAK 4. Sumber. Weru. Tubun No. 672661 (0283) 6183226 (022) 5897020 (024) 84473154. Sudirman No. Purwodadi Jl MT Haryono no 34. Pemuda 101. Teuku Umar No. Sultan Patah 676. Parman. PEKALONGAN 1 2 3 Wiradesa Kedung Wuni Kajen 9. 222. KUDUS 1 7. W. Dewi Sartika No.Raya Wiradesa No. Teuku Umar No.03. P. Demak Gd. 18. 1. 125-126 Kedungwuni. Pertokoan Plaza Juwana No. Supratman No. Pabuaran Wetan. Cirebon Jl. 321428 (0284) 584360 (0292) 424913/14. 8440730. PEMALANG 1 Randudongkal 10. PKPRI (PKPN) Jl.03 Rw. Cirebon Jl. 121 Kec.112. Pekalongan Jl. 24 Semarang Jl. 36. gubug. Raya Mandurejo No. Pangeran Diponegoro No:93. 84-A. 381851 (0295) 472303 (0285) 421041. Jawa Barat Jl. KENDAL 1 6. Sorang. Bandung. 593969 (0291) 772092 (0294) 381100.OUTLET 29. Kendal jl Jend Sudirman No 66 Kudus Jl Sunan Kudus 185. Pemalang Jl. 381764/65/66. kec. 533186. Randudongkal Jl. 2. Brebes Jl. 432086. Jepara Jl. Raya Jatibarang No: 80. Jepara Jl. Cirebon Jl.Kauman. 154. BREBES 1 Jatibarang KC KW KANINS KC KC KCP 0544 0196 (022) 5896176 (024) 8440728. 421848. 4417443 (0285) 785900 (0285) 381040 (0284) 321016. 531944. 8318463 (024) 8318436 (0296) 31017 (0283) 672664 (0283) 6183226 0010 0014 0676 Jl. 3 Jl. Pekalongan Jl. 321646. PURWODADI 1 Gubug 410 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Dr. Kab. Sudirman. Brebes Jl. Kajen. Kendal Jl. Kudus Jl. 8440729.31. Kesambi. PATI 1 Juwana Menara Kudus Weleri KCP KC KCP KC KCP KCP KCP KC KCP KC KCP 8. Dukuh Tengah.R. Cirebon Jl. 422751. Sudirman. P.422886 (0285) 4417254. Ketanggungan. S. 431868 (0291)4244305 (0295) 381949.Gading Tetuka Rt. Wachidin No. Kab. Pemuda No. Jend. 24 Semarang TELEPHONE (0231) 220032 (0231) 322715 (0231) 8330544 (0231) 663583 FACSIMILE (0231) 211714 (0231) 322716 (0231) 8330544 (0231) 663584 30 SOREANG SEMARANG SEMARANG 1.58A.

6 jln Setiabudi no 119-B. SEMARANG PATIMURA 13. 9. Cepu Jl Pandanaran No. Kec. Semarang Jl Gang Pinggir Np. Desa Slawi Wetan Jl. Rembang Jl. Semarang Jl. 150. Semarang Jl. Semarang Komplek Kodam IV Diponegoro. 391532 (0289) 432250/1/2. Sudirman No. Ruko no. Pancasila No. P. TEGAL 1 Adiwerna KCP KC KCP KC KC KC KC KCP KCP KCP KCP KC KCP KC KCP 14. 326356. Raya Utara No. 103. Ambarawa Jl A Yani 169.10. Kapten Piere Tendean No. Gajah Raya No. Jend. Ungaran Jl. Salatiga Jl.Semarang Pertokoan Metro Plaza Blok A. 327230. Semarang TELEPHONE (0292) 761557 (0298) 326890. Gayamsari. Dr.31. 445728 (0295) 691133. REMBANG 1 Lasem 15. Penggaron. UNGARAN 1 Ambarawa 20. 411 .68. 382. 6921075. SEMARANG PANDANARAN 1 2 3 4 Karangayu Watugong Piere Tendean Hamka 19.A. Watugong.OUTLET 2 Wirosari TYPE OF OUTLET KCP KC KC KC BRAND CODE 2095 0081 0083 0101 0545 0142 0608 0156 0190 0215 0325 0610 0515 0677 1058 0327 0513 0609 1110 ADDRESS Jl. CEPU 18. 692373 (0295) 531234 (0285) 391047. Tegal Jl. 6923303 (024) 591150. 77. Kec. Jend. 492770 (024) 6709917. Jl MT Haryono 970 Semarang Komplek PertokoanPlaza Setiabudi. SEMARANG A. Siwalan. Diponegoro No. Semarang Jl. Wirosari. Dr. P. SLAWI Kranggan KCP KC KC KCP KCP KCP KCP 1109 0661 0435 0678 1138 1007 2096 (024) 3563272 (0283) 491395. 174. 42.161. Majapahit No. Kec. 323876 (024) 3585441. Diponegoro No.YANI 1 Metro Plaza 2 Diponegoro KCP 1006 (024) 7475806 (024) 7475806 3 21. 4324425 (0296) 421363. Ds Banjaran. Diponegoro III/2. 8450459 (024) 7604065 (024) 7460460 (024) 3510876 (024) 7626171 (024) 921104 (024) 592715 (024) 8313287 (024) 8417853 11. 8414349 (024) 7604065 (024) 7460460 (024) 3510876 (024) 7613970 (024) 6924475. Sutomo No. Semarang Jl. Sudirman No. Blok B1. 7. 124. Prof. BATANG 16. 491885. 3545017 (0283) 358912/3/4/5 (0283) 444872. Gatot Su-broto No. Kel. Brigjen Sudiarto Km. Pattimura 2-4. Genuk. 421505 (024) 8412418.. Semarang Jl Tlogosari Raya 1 no. 391516. Grobogan Jl. Desa Wirosari. Bumiayu Jl. Semarang Jl. 6734421 (024) 6708939 (024) 76744280 (024) 76745461 (024) 76745635 (024) 3584830 (0283) 492494 (024) 6734420 (024) 6714692 (024) 76744215 (024) 76745461 (024) 76745635 22. 25. 8411918. Kusumabangsa No. 592715 (024) 8416790/91 (024) 8313571 FACSIMILE (0292) 761557 (0298) 323640 (024) 3546115 (0283) 356302 (0283) 444872 (0295) 691853 (0295) 531234 (0285) 392214 (0289) 432025 (0296) 423410 (024) 8413367. BUMIAYU 17. 421160/61. Kel. Tegal Jl. 75. Raya Kedungmundu Raya No. Semarang Jl. Lasem JL Dipenegoro No 1 Batang Jl. Hamka. Raya Lasem No. 75 Semarang Jl. 6921675. Adiwerna. Semarang Jl. Semarang Jl. P.11. 3. Kec. 691622. BRIGJEN SUDIARTO 1 2 3 4 Mojopahit Tlogosari Kedungmundu Gajah ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 36. Ngaliyan.Raya Banjaran. SALATIGA 12.

471087 (0275) 642177. YOGYA CIK DITIRO 1 2 3 4 5 Bethesda Seturan Plaza Godean Gedong Kuning Wirobrajan TYPE OF OUTLET KW KANINS KC KC KCP KCP KCP KCP KCP KC KC BRAND CODE 0197 ADDRESS Jl Cik Ditiro No. Yos Sudarso No. Surakarta Jl. Kroya. Yani No. Urip Sumoharjo No. Sragen 3.5. Yogyakarta Jl Gedungkuning 172 C. Sudirman No. Parman 107. Laweyan. Pemuda Selatan No. Rajiman No.Solo Rt. Yogyakarta TELEPHONE (0274) 510850. 321702 (0286) 3329529 (0287) 471162/3. SRAGEN 1 Gemolong 412 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 322330. KLATEN 1 2 Pedan Delanggu KCP KCP KC KCP KC KC KCP KCP KCP KC KC KCP KC KCP KC KC KC KCP 6. 29. 214 A. 891892 (0281) 758099. Cik Ditiro No. Jl. Surakarta Jl. 512406. A. 321824. Depok Jl. Pahlawan No. GOMBONG 14. Sabrang. PURWOREJO 9. 562707. 591122 (0274) 520261/2. CILACAP 1 Kroya 12. May. Bobotsari. 642069 (0271) 646041 (0271) 737372 (0271) 856780 (0293) 491783. Kec.33. 892002 (0271) 7003001. Temanggung Jl.3. Jend. 7000419 FACSIMILE (0274) 514166. 1. Gemolong. Wonosobo Jl. 641369. Yani No. TEMANGGUNG 11. Kolonel Sugiri No. Raya Klaten . 520917. WONOSOBO 1 Kertek 13. Cilacap Jl. 520272. 492101 (0286) 321190. 1A.001 Rw. 17. Jend.123 Solo Jl. SURAKARTA SUDIRMAN 1 2 3 Urip Sumoharjo Jongke Mojosongo 10.OUTLET YOGYAKARTA YOGYAKARTA 1. Cik Ditiro No. Purworejo Jl. 520270. 584883. Sudirman No. Jend.3 Yogyakarta Jl. Klaten Jl. 67. 1. Yogyakarta Jl Raya Seturan Caturtunggal. PURBALINGGA 1 Bobotsari 8. 325655. Sukowati No. Sudirman No. A. Kertek. Raya Pedan No. BANJARNEGARA 2. Yogyakarta Jl. 561935 (0274) 520136 (0274) 4332615. 4332688 (0274) 622480 (0274) 622480 (0274) 621437. 641646 (0271) 891458. A. Jend. Kutoarjo Jl. 561403 (0274) 550604 (0282) 591024. Sudirman No. Kec. Jayawijaya No. Jend. Purbalingga Jl. 70. 321403 (0271) 646821. 758695 (0275) 325459. Purbalingga Jl.Jend. 891054.007. 321728/9. 584882 (0274) 550605 (0282) 591639 (0274) 512110 (0274) 4332688 (0274) 622410 (0274) 622410 (0274) 621438 (0287) 381555 (0272) 321425 (0272) 897467 (0272) 551169 (0281) 891892 (0281) 758695 (0275) 321973 (0271) 641381 (0271) 646041 (0271) 7373872 (0271) 856780 (0293) 492139 (0282) 533215 (0282) 494214 (0286) 322258 (0286) 3329529 (0287) 471539 (0275) 641044 (0271) 892810 (0271) 6811469 0004 0029 0514 1111 1055 1008 2099 0032 0035 0612 2055 0074 2034 0078 0097 1065 1299 2098 0102 0106 0547 0112 1379 0134 0136 0140 0559 Jl Pemuda No 70 Banjarnegara Jl. Kab. Kab. Pedan. Delanggu. 208. 891395. Surakarta Jl. Gombong Jl. Jend. Sragen Jl. S. . 641138.3. 891458. 895341. Kyai Mojo No. KEBUMEN 4. Mojosongo.102. 621438 (0287) 381005. Kebumen 31247 Jl. Dr. Wonosobo Jl. 322738 (0272) 897986. Jend.118. 520269. Wirobrajan. Raya Kertek. 491491 (0282) 533422. Lt. HOS Cokroaminoto 77. 114. Klaten Jl. Sudirman 60. Sukowati 191. 6410355. 381247 (0272) 321859. KUTOARJO 15. Yani No. Yogyakarta Jl. 321025. 533015 (0282) 492100. Klaten Jl.3. 520268. 24. 897467 (0272) 551169 (0281) 891577. Yogya Jl.634A.

Kapten Mulyadi Ruko Beteng Blok A No. Raya Plur Km. SOLO S. Pemuda No. Ajibarang Wetan No. 6. Sleman Jl. 621360. RIADI 1 2 3 Pasar Kliwon Manahan Nusukan 30. 780807 (0271)620119 (0274) 553337.5 Depok. Boyolali Jl. 780074.Diponegoro 318. Majenang Jl Jend Sudirman No 222. 553048 FACSIMILE (0271) 894454 (0271) 494275 (0271) 825565 (0281) 571544 (0274) 773671 (0274) 392045 (0273) 321496 (0276) 322197 (0276) 3294881 (0271) 593130 (0271) 7687424 (0280) 621496 (0280) 523316 (0274) 367122 (0274) 387949 (0274) 868826 (0274) 884657 (0274) 885773 (0293) 587444 (0293) 596086 (0271) 716774 (0271) 657485 (0271) 741901 (0271) 719044 (0274) 624215 (0271) 780805 (0271)622808 (0274) 553552 16. 621145 (0280) 524162 (0274) 367074. Lawu Barat No. 825565 (0281) 571543/4. Karanganyar Jl. Slamet Riyadi No. Cilacap Jl Jend Sudirman No 3 Bantul Jl. Ngaglik.157. 1315. Gunungkidul Jl. YOGYAKARTA ADISUCIPTO ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 7687425 (0280) 621069. 5725448/9 (0274) 773146. AJIBARANG 18. Yogya Jl. Surakarta Jl. Raya Sukowati No. 368244.Brigjen. 321287 (0273) 411053 (0276) 321067. WONOSARI 20. 18. 6 Pandansari. Wates Jl Pramuka No. Jatisrono TELEPHONE (0271) 892747. Surakarta Jl Kapt Tendean 68. Kol. MAJENANG 1 Sidareja 24. Simo.45. YOGYAKARTA MLATI 31. Raya Wonogiri-Ponorogo. WATES 19.243. 868406. Palagan Tentara Pelajar No. Bhayangkara No. Sugiyono No. Sragen Jl. 236. BANTUL 25.Katam-so No.01 Rw. Slamet Riyadi No. 413 .1. YOGYA KATAMSO 26. Kartasura .Raya Solo Baru Permai CA 51 Pasific Building Ground Floor. 593130 (0271) 7687424. Pandanaran 154. Kaliurang Km. Proliman. 718323 (0271) 657578 (0271) 741901 (0271) 719044 (0274) 624416. 495388 (0271) 827571.7. 15 Parakan Jl. SOLO KARTASURA 1 Solo Baru 32. Kec Manahan. SLEMAN 1 2 Pasar Colombo Monjali 27. Surakarta jl. 367590 (0274) 372721/6/8/9. Ngringo. Banjarsari. Jaten. 774333 (0274) 391073. 624338 (0271) 780806. 773340. Surakarta Jl AdiSucipto 20 B. SUKOHARJO 1 Simpang Kartosuro 23. 553046. Rt. 391. Boyolali Simo Baru Desa Simo Rt. 782777. Yani Ruko Blok A3 Ngepos. Magelang. 323473. 1. 391472.OUTLET 2 Sragen Kota TYPE OF OUTLET KCP KC KCP KC KC KC KC KCP KC KCP KC KCP KC KCP KC KC KC KCP KCP KC KC KC KCP KCP KCP KC KC KCP KC BRAND CODE 2110 0149 0512 0151 0152 0153 0158 ADDRESS Jl. 596794. Karanganyar Jl. Sukoharjo Jl. PARAKAN 29. Sidareja.1.15. 321120 (0276) 3294881 (0271) 593093. MUNTILAN 28. 376335 (0274) 868418.640. Mlati.5. 598688 (0271) 718346.03. Kec. Ajibarang Jl.A Yani No. Muntilan Jl Kosasih No. WONOGIRI 1 Jatisrono 21.21 Rw. 587380. 894199 (0271) 495383. Sleman Jl. BOYOLALI 1 Pasar Simo 0173 1320 0511 2097 0185 0679 0236 0245 0247 1056 2033 0251 0262 0334 1064 1296 1297 0409 0182 1063 0410 Jl. Yogyakarta JL. A. KARANG ANYAR 1 Palur 17. Jl. 586097 (0293) 596011.01 Kec. Sukoharjo Jl. 391119.Kartosuro JL. 2. 394193 (0273) 321044. Laksda Adisucipto No. Kabupaten No. Wonogiri Jl. Yogyakarta 22. 868938 (0274) 884658 (0274) 885773 (0293) 586658. Sleman Jl. Wonosari.

SIDOARJO 1 3 4 Aloha Pondok Candra Sepanjang 10. 180 Gresik Komplek Kartini Building. 321477.I. K. Mojokerto Jl. Yani No. JOMBANG 1 Mojoagung 5. Kec Gedangan sidoarjo Ruko Wadung Asri. 35. Jombang Jl. Sidoarjo Komplek Ruko Taman no 58. Raya Wadung Asri. SAMPANG 9.9B. 3098052 (0353) 881307 (031) 3981575 (031)7508240 (031) 3978612 (0321) 861041 (0321) 495362 (0322) 323223 (0322) 457669. 3099088. Mojopahit No. Sidoarjo Jl. Pamekasan Jl. 3094078. Jend.122-138 Gedung BRI Tower LT 20. GRESIK 1 2 Driyorejo Gresik Kota TYPE OF OUTLET KW KANINS KC KC KC KCP KCP KC KCP KC KCP KC KCP KCP KC KC KC KCP KCP KCP KC KC KC KC KCP KCP KC KCP BRAND CODE 0146 ADDRESS Jl Jend Basuki Rahmat No. 3540275 (031) 3555563 FACSIMILE (031) 5324033. Jl Basuki Rahmat No. 321095. Jl Raya Waru. 24. Dasae B. Yani No. BOJONEGORO 3. 321049 (031) 5320736. Jokotole No. Sumenep Jl. 3095520.H.103. . 323079. 3551045. 236. D. TUBAN 12. 86.H. 8438850. Bubutan No. 378. 64. PAMEKASAN 8. Jl. 227 Lamongan Jl.1-2 Surabaya 4. 5350573. jln Kartini. Jend A. Sampang Jl. 322693. 6. Wahid Hasyim No 116 Jombang Jl. Raya Mojoagung No. 138 Surabaya Jl. Basuki Rachmat No. Surabaya Jl. Genteng Besar No. 135-A. 5345771 (031) 5474059 (031) 5473609 (031) 5459924 (031) 3531219. Panjaitan No. Mojosari. Veteran No. 169 171. 25-27 Surabaya Komp Pertokoan Jembatan Merah Plaza II lT. Tegalsari Jl Rajawali No. 663282. Bhayangkaran No. 323483 (031) 8921010 (031) 8554627 (031) 8888174 (031) 7871776 (0328) 662717. Surabaya Jl. LAMONGAN 1 Babat 6. BANGKALAN 2. 15. 664821. Surabaya TELEPHONE (031) 5324230 (031) 8438993. SURABAYA PAHLAWAN 1 2 Bubutan Genteng Kali 14. Surabaya Jl. Gresik Jl. Tuban Gedung Plasa BRI. Lamongan Jl Raya Babat No. Mojokerjo Jl. 83. A. 3095273. 5324044 (031) 8439238 (031) 3097123 (0353) 884979 (031) 3983298 (031)7508208 (031) 3978612 (0321) 862758 (0321) 862758 (0322) 323222 (0322) 457669 (0321) 323642 (0321) 594961 (0321) 383392 (0324) 324064 (0323) 322544 (031) 8941065 (031) 8554629 (031) 8888176 (031) 7871776 (0328) 662682 (0356) 791691 (031) 5320738 (031) 5475277 (031) 5473609 (031) 5475748 (031) 3540581 (031) 3551953 0006 0011 0026 0682 1199 0023 0585 0041 0683 0055 0586 2118 0061 0148 0086 0684 1160 1159 0095 0109 0096 0211 2021 2031 0172 0662 Jl Let Singosastro No 1 Bangkalan Madura Jl. 321485 (0323) 321085. Sudirman 89. K. P. Trunojoyo No. 662682 (0356) 321739.26. Pahlawan 39-41. 457000 (0321) 322442 (0321) 594960/61 (0321) 383227 (0324) 322853. Wahid Hasyim No. 5341448. 327328. SUMENEP 11. 5320757. Bojonegoro Jl. Masjid No. Mojokerto Jl. SURABAYA KALIASIN 13.OUTLET SURABAYA SURABAYA 1. SURABAYA RAJAWALI 1 Jembatan Merah Plaza 414 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Sidoarjo Komp Pertokoan Gateway Aloha Blok B-07. 8438728 (031) 3095049. Gresik Jl Raya Driyorejo No. MOJOKERTO 1 2 Mojosari Mojokerto 7.

Surabaya Jl HR Muhamad Kav.OUTLET 2 Pucang TYPE OF OUTLET KCP KC KCP KCP KCP KC KCP KCP KCP KC KCP KCP KCP KC KCP KCP KCP KC KC KCP BRAND CODE 1155 0328 0583 1137 2032 0360 0580 1050 1197 0584 1198 1157 2030 0394 2017 0587 1051 0411 0412 0576 ADDRESS Jl Pucang Anom Timur No. Kapas Krampung no 200200A. Diponegoro no 174. Surabaya Satelit Town Square A.105. Kalibutuh No.Pertokoan Rungkut Megah Blok D No.1-2 Jl. 8410040 (031) 8477362 FACSIMILE (031) 5054033 (031) 3295115 (031) 7411190 (031) 5347089 (031) 5323593 (031) 5350320 (031) 5015776 (031) 5023632 (031) 5911256 (031) 7341860 (031) 7326444 (031) 7671276 (031) 7320486 (031) 5011487 (031) 3710245 (031) 5965313 (031) 3558370 (031) 5019122 (031) 8410024 (031) 8477361 15. KRIAN Mayjen Sungkono KCP KC 2044 0553 (031) 5610627 (031) 8976144 (031) 5610627 (031) 8976133 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. KAPAS KRAMPUNG 1 2 3 Kapasan Mulyosari Ampel 19. Jemur Andayani No. Jl. Margorejo Indah No. 41. 23-B. Surabaya Ruko Pondok Indah Wiyung blok A6. Surabaya Komp. Surabaya Jl.101 Ruko Rich Palace Blok R. Surabaya Jl. 357-375 Surabaya Jl. Ruko Sutorejo Prima Indah No. SURABAYA KERTAJAYA 20.Nyinden Semoluwaru No.5. Surabaya JL Kusuma Bangsa No. Sidoarjo TELEPHONE (031) 5054033 (031) 3291927 (031) 7458688 (031) 5342860 (031) 5323593 (031) 5344495 (031) 5039995 (031) 5033803 (031) 5911260 (031) 7382090. Surabaya Jl. jln Bukit Darmo Boulevard.25 B Surabaya Jl. 69 AB Surabaya Jl Jemur Andayani No. Kapasan No.25 Jl. Darmawangsa Dalam No. Surabaya Ruko Office Park I. SURABAYA TJ. Ry. Suko Manunggal. Raya Imam Bonjol 37. Perak barat No. Surabaya Jl. 78 B jln Nyamplungan no 135-137. 16. Surabaya Jl Karimunjawa no 11. 5021821 (031) 8483777. B16. 5021833. Surabaya Jl. MUHAMMAD 1 2 3 Pakuwon Wiyung Darmo Satelit 18. 103.23. 5019144.Kc.115 E. 5021803. Surabaya Jl. Surabaya Jl. JEMURSARI 1 A. Jl. Kedung Doro no 67. 7320486 (031) 5011487 (031) 3710245 (031) 5964564 (031) 3555351 (031) 5018734. 5021615. Krian. HR.82-84. Yani 2 3 Rungkut Margorejo KCP KCP KC KCP KCP 0519 2029 1156 1158 2094 (031) 8709265 (031) 8473206 (031) 5676740. 122 Surabaya Jl. Surabaya Ruko Klampis Jaya 31B. Surabaya Komp. 5616915 (031) 5313114 (031) 5992298 (031) 8794955 (031) 8473117 (031) 5676740 (031) 5318243 (031) 5992298 21. SURABAYA KUSUMA BANGSA 1 2 3 Kampus UNAIR Gubeng Klampis 17.7. RMI G-6. Mayjend Sungkono. Surabaya Jl. SURABAYA DIPONEGORO 1 2 Kedung Doro Unitomo 3 22.Rungkut No. Surabaya Ruko Manyar Garden Kav. 69 Surabaya / Ngagel Jaya Selatan. Sukomanunggal Jl. PERAK 1 2 3 Manukan Pasar Turi Kalibutuh 16. 7329714 (031) 7326444 (031) 7671134 (031) 7320485. Manukan Tama Blok 2-H No. 415 . Kertajaya No. Surabaya Jl semarang no.

Ponorogo Jl. A. Jember Jl. Magetan Jl. 424162. 847955 (0333) 636400 (0333) 590208 (0332) 427069. 801234. A.J. 5. Kediri Jl. Jember Jl. Dolopo. 427069 (0333) 846351. Madiun Jl. TULUNGAGUNG 1 Ngunut 15. Raya No. Mangunsarkoro No. K. Banyuwangi Jl. 323076. 328208. Malang TELEPHONE (0341) 474949 (hunting) (0341) 351646. 18. Kab. A. Jend. 106-107. 486983 (0331) 883344 (0338) 674111. Jl. K. BONDOWOSO 3. Jend. NGAWI 11. MALANG KAWI 1 Kepanjen 416 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 12.Yani Malang Jl. 34. Kec. Adil Makmur No. Lumajang Jl.OUTLET MALANG MALANG 1. 802325. 412700.76. BLITAR 1 6. A. Muncar. 123.A6-A7. 801755 (0342) 5696361/62 (0354) 773307 (0354) 696860 (0354) 398535 (0351) 454133 (0351) 384533 (0351) 367154 (0351) 895309 (0358) 321690 (0358) 556487 (0351) 749525 (0357) 881020 (0352) 481271 (0355) 791691/2/3 (0355) 329328. 3 Nganjuk Jl. Banyuwangi Kec. Kab Blitar Jl. NGANJUK 1 Kertosono 10. 474935 (0341) 351633 (0333) 424616 (0333) 847956 (0333) 636401 (0333) 596101 (0332) 421444 (0331) 486484 (0331) 883344 (0338) 673356 (0342) 804174 (0342) 5696360 (0354) 771322 (0354) 696858 (0354) 398534 (0351) 462406 (0351) 384533 (0351) 367154 (0351) 892456 (0358) 323404 (0358) 556489 (0351) 748140 (0357) 884153 (0352) 484265 (0355) 792532 (0355) 323072 (0355) 395671 (0334) 881054 (0341) 328106 (0341) 399523 0007 0577 0581 0680 0013 0021 1161 0090 0009 0681 0033 0508 0555 0045 0552 2109 0049 0056 2050 0057 0067 0070 0177 0110 2065 0044 0051 0516 Jl Jend A. Akhmad Yani No. 2. TRENGGALEK 14. Kel. Tembarak. Yani No. Raya Wonorejo. Yani No. 399523 FACSIMILE (0341) 474944. Pacitan Jl. Tulungagung Kecamatan Ngunut. Ruko Pasar Genteng Blok C Jl. Yani No. Kediri Jl. 425994 (0331) 483258. 35-37. 55. Panglima Sudirman No.31. Panglima Sudirman 141. 50. 4. Diponegoro No. KEDIRI 1 2 Doho Pare Wlingi KCP KC KCP KCP KC KCP KCP KC KC KCP KC KC KC KC KC KCP KC KC KCP 7. A. SITUBONDO 5. Yani No 12 Banyuwangi Komp. 671279. Trenggalek 66316 Jl. Brawijaya No. 28. PONOROGO 13. 889999 (0341) 327666. 2-B. Yani No. Malang Jl. 421444. 421780. Pare. LUMAJANG 16. Yani No. JEMBER 1 AMBULU 4. PACITAN 12. Kec Ambulu. MAGETAN 9. Madiun Jl. Soekarno-Hatta No. P. 20-22. 474945. Raya Supriadi No. MADIUN 1 2 Caruban Dolopo 8. Ngawi Jl. Slamet A N0.87. 421808. 1. Raya Rogojampi No. A. . Bromo No. 352261.P. 323070/75 (0355) 395671 (0334) 881287. Tulungagung Jl. A. Nganjuk Jl. Kawi No. Situbondo Jl. 123. Rogojampi. 362217 (0341) 399850/51. 675273 (0342) 801846. Bondowoso Jl. Manggar No. Kepanjen. Pahlawan No. BANYUWANGI 1 2 3 Genteng Rogojampi Muncar TYPE OF OUTLET KW KANINS KC KCP KCP KCP KC KC KCP KC KC BRAND CODE 0854 ADDRESS Ruko De Panorama Square Kav. Kertosono. Blitar Jl Bromo No. Ahmad Yani No.23. 352262 (0333) 424888. Malang 2. Caruban Jl. Jend. Yani No. 40 Blok A 1-2. 22 Wlingi. Kediri Jl.

Denpasar Jl Sukarno No. Sukarno No. 1. 629272 (0370) 643969 (0374) 43352. Plaza Suropati Blok A No. 13. Pattimura. Mataram Jl. Pintu Gerbang No. 633017 (0370) 629172. 594782. Malang Jl. Gondanglegi. 18 Kupang Jl. M. Malang Jl. Dr.6. Malang Ruko Pattimura 10-11. 16. PROBOLINGGO 1 Kraksaan 20. RT. 264858. MALANG M. Probolinggo Jl. Galunggung No. Pertokoan No. Hayam Wuruk No. 234796. Mataram Jl. 225791 (0361) 225402 (0361)263715 (0381) 22870 (0380) 831373 (0370) 633084 (0370) 629352 (0370) 643953 (0374) 43723 (0362) 24576 (0362) 92419 (0371) 22632 (0372) 81724 17. Taliwang. Pejanggik No.OUTLET 2 3 4 5 Batu Lawang Gondanglegi Sukun TYPE OF OUTLET KCP KCP KCP KCP KC KCP KCP KCP KCP KCP KC KCP KCP KC KCP KC KW KANINS KC KC KC KC KCP KCP KC KC KCP KC KCP BRAND CODE 0551 0554 1174 1175 0344 0579 0589 2001 2067 2066 0065 0518 0550 0073 0582 0429 0203 ADDRESS JL Panglima Sudirman No.11 RW. 30. Malang Jl. Sudirman 30 A. Komp. ENDE 3. MATARAM 1 2 Cakranegara Sri Wijaya 0017 0024 0039 0052 1062 2070 0079 0088 0574 0093 1066 Jl. MALANG BLIMBING DENPASAR DENPASAR 1. Kebonsari.2. 638379.DINATA 1 2 3 4 5 UNIBRAW Turen Pasar Besar Rampal Galunggung 18.58 I-J. Sumbawa 5. 16 Ende Jl. 42997 (0362) 23432. Pahlawan Sunaryo No.22 RW. 81. Panglima Sudirman No. Pasuruhan Jl.21020 (0380) 831010.36B.21615. Singaraja Jl. 5-7. 24.T. Suroyo No. Wahidin No. RT. Haryono.02. Sukun. 225402 (0361) 228817/8/9 (0381) 23286. Kraksaan Jl. Kusuma Atmaja No. 833481. Pejanggik No. 1. 123. 16. Jl. Malang Jl Sudanco Supriyadi. Seririt. KUPANG 4. SUMBAWA BESAR 1 Taliwang ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Malang Jl. Martadinata No. 833353.03. 417 . 43122. Denpasar Jl. Malang Jl. PASURUAN 1 2 Pandaan Bangil 19. Kec Cakranegara. 21980 (0362) 93302 (0371) 21006. SINGARAJA 1 Seririt 7. Denpasar TELEPHONE (0341) 590777. Sumbawa Besar jl Sudirman no 37. 8. Laks. Singaraja Jl. Pasuruan Komp. 833788. Dr. RABA BIMA 6. DENPASAR GAJAH MADA 2. Letjen Sutoyo No. Gajah Mada No. 105. Ngurah Rai No. 833463 (0370) 631318. Mataram Jl. Raba Bima Jl. Raya Thamrin Blok AJ-1 Jl Trunojoyo. Sutan Syahrir No. Bangli Jl. 270. 324144 (0341) 352802 (0341) 571565 (0343) 426621 (0343) 631100 (0343) 743900 (0335) 422140 (0335) 843456 (0341) 482599 (0361)236231 (0361) 244174. 594779 (0341) 423540 (0341) 875410 (0341) 800272 (0341) 368681 (0341) 575952/53 (0341) 827434 (0341) 326677. Sriwijaya. Malang Jl. Raya Panglima Sudirman No. 4. Pahlawan No.21030. 21940 (0372) 81764 FACSIMILE (0341) 590777 (0341) 423423 (0341) 875411 (0341) 800273 (0341) 363831 (0341) 575901 (0341) 827800 (0341) 326677 (0341) 352801 (0341) 574023 (0343) 425344 (0343) 637646 (0343) 744810 (0335) 421267 (0335) 843413 (0341) 487626 (0361)225402. 74. Malang Jl. Pandaan. Turen. 21 Batu Jl.

RUTENG 1 Labuan Bajo 23. Jend. 61. 21024 (0388) 31011. El Tari No. 1 Kamp Kota Baru Bangli Jl. 36. Da Silva No. 128. Gianyar Jl. PRAYA 15. Soetoyo No. Gunung Semeru No. TABANAN 1 2 Bajera Kediri TYPE OF OUTLET KC KC KC KCP KCP KC KC KC KC KC KC KC KC BRAND CODE 0114 0119 0124 0570 0573 0125 0141 0157 0191 0233 0235 0241 0246 ADDRESS Jl. Kusumaatmaja No. MAUMERE 10. Kab. 31747. SEMARAPURA 9. 21494. 22053. 21328. 943038. 21677 (0363) 22745.38E. Negara Jl. Tabanan Jl. 812338 (0365) 41076. 34. Kel Lewoleba Utara. DOMPU 22. Soekarno-Hatta No. 21366. Diponegoro 220. Gajah Mada No. 7. Praya JL Kusumayuda No. 21040. 13. 22210. 21428. 30. KALABAHI 27. Akasia No. . 21722 (0385) 41995. 1. AMLAPURA 18. Atambua Jl. Udayana No. Gajah Mada No. 21841 (0383) 21788. 30. BANGLI 16. Piere Tendean No. 21686. 21068. Kab. 22. 31020.OUTLET 8. Denpasar Jl. Diponegoro Undiknas KCP 418 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. GIANYAR 1 Celuk KC KCP KC KC KC KCP KC KC KC KC KC KCP KCP KC 0248 0575 0267 0272 0273 1112 0274 0276 0277 0278 0368 0571 0591 0556 1068 (0361) 942266 (0361) 296930 (0389) 21339 (0373) 21669 (0385) 22383 (0385) 41994 (0384) 21675 (0388) 31588 (0388) 21144 (0386) 21569 (0361) 233021 (0361) 224580 (0361) 233091 (0361) 765573 (0361) 485699 20. Semarapura Jl. S O E 26. Kalabahi Jl. 21764. Kec Nubatukan. 21969 (0385) 21603. 21506.12 X\. Bajawa Jl. 61921 (0376) 21242. A Yani No. 21819 (0383) 41641 (0361) 941097. Gianyar Jl. Waingapu JL. Don P. 22680 (0370) 654069. 19. 42661. PAHLAWAN NO. 88 E Kediri Tabanan Jl. 1. 41890 (0387) 61030. DENPASAR RENON 1 2 28. 41474 (0384) 21362. Mayjen. So E Jl.C. Raya Tuban No. Denpasar TELEPHONE (0366) 21042. 25 Ruteng Jl. Pudak No. 942273 (0361) 296930 (0389) 22054.X. Larantuka Jl Trans Lembata Rayuan Kelapa Timur. 21392 (0361) 233011 (0361) 224580 (0361) 233091 (0361) 765573 (0361) 485699 FACSIMILE (0366) 21329 (0383) 21377 (0361) 814166 (0361) 8943659 (0361) 812390 (0365) 42022 (0387) 62234 (0376) 21419 (0370) 654911 (0366) 92098 (0387) 21218 (0363) 21788 (0383) 21563 11. Raya By Pass Kediri No. Denpasar Jl. Hatta No. 21024 (0373) 21147. 21062. BAJAWA 24. Tabanan jl. Gunung Batukaru No. 31609. NEGARA 12. WAINGAPU 13. 653032 (0366) 91019. KUTA 1 Marlboro Dps. 21461. NTT Jl. 1 Maumere Jl. Labuan Bajo Manggarai Barat Jl. ATAMBUA 21. 99 X Kuta Denpasar Jl Teuku Umar Barat/ Marlboro No. Gajah Mada No. 22130. SELONG 14. Yos Sudarso NO. 8533782 (0361) 810982. 22206/7/8/9 (0361) 819034 (0361) 8943659. Ngurah Rai No. 91039. Soekarno Hatta. 21026 (0383) 21053. 21590. 21088. 21805. 149.Watu Renggong No. Denpasar Jl. M. WAIKABUBAK 17. 6. Raya Celuk No. 62. 2. KEFAMENANU 25. 92 SELONG Jl. 21711. 943150. 31748 (0388) 21042. LARANTUKA 1 Lewoleba KCP 0685 (0383) 41641 19. 21030. Bajera. 21053. 91398 (0387) 21048. Dompu Jl. Amlapura Jl. 3. I-J Kasimo 10. 21605. Lembata. Waikabubak Jl. 21019. 21346 (0386) 21584. Kefamenanu Jl.

262123 (0361) 231859 (0361) 464627 (0361) 422866 (0361) 283142 (0361) 227747 (0361) 972305 (0511) 3251649.OUTLET 2 3 Nusa Dua Seminyak TYPE OF OUTLET KCP KCP KC BRAND CODE 1067 2134 0572 ADDRESS Jl By Pass Ngurah Ray no 77 AT4 Jl. AMUNTAI 1 9. 3353986. 1. 2028237 (0531) 21080. BANJARMASIN 2. Kota Samarinda Jl. 162 Jl. BALIKPAPAN 5. 25306.5 No. 21356. DENPASAR GATOT SUBROTO 1 2 3 4 5 Hayam Wuruk WR Supratman Gatsu Timur Sanur Teuku Umar KCP KCP KCP KCP KCP KC KW KANINS KC KC KC KCP 0557 0686 2132 2133 2122 0590 0204 (0361) 231859 (0361) 464627 (0361) 422866. Cipto Mangun Kusumo No. 21335. Panglima Batur No. 104 Denpasar Jl. 2. 61086 (0526) 2028123. Jend. 744781 (0541) 744781 3 Samarinda Seberang KCP KC KC KCP KC KC KC KCP KC KC KC 2069 0121 0126 0564 0127 0143 0147 0628 0163 0180 0183 (0541) 262178 (0542) 736765 (0518) 70947. 422232 (0361) 283490 (0361) 228375 (0361) 972305 (0511) 3250256/57 (0511) 4365783. 61890. 9 Samarinda Jl. Sampit Jl Jend A. Paringin Kota Jl. Balikpapan 76112 Jl Kampung Baru No 50 Batu Licin Jl.50. 30296 (0513) 21031/2. 741651. Yani No. Sultan Hasanuddin RT. Propinsi RT. Kandangan Jl. SAMARINDA 1 Loa Janan 0003 0031 0082 0625 Jl Pangeran Samudra No.09. 21700.21. Samarinda Seberang. Loa Janan Samarinda . A. KANDANGAN 3. 1. 201317/18 (0541) 261138. A. SAMPIT 10. Jend. 61493. 21274.459D. Sudirman No. Bank Rakyat No. Kec. Kc. BATULICIN 1 Sungai Danau 6. KUALA KAPUAS 11. 123. 37. No. Kota Baru Pulau Laut Jl Pangeran Muh Noor No 19 Barabai Jl.T. Haryono No. 86. 3355050 (0511) 366848. 21160. No. 3357884. Yos Sudarso No. P. Yani 41 Kuala Kapuas Jl. 12. Kodya Denpasar Jl. Bypass Ngurah Rai. TARAKAN Peringin ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 92 Jl Cokorda Gde Rai no. Kc. 27. Ubud. 354363. Denpasar Jl. 21532 (0551) 21143/4. Tarakan 2 Lembuswana KCP 0629 (0541) 206603. 25991 (0541) 262178 (0542) 732850 (0518) 70917 (0512) 61029 (0518) 21212 (0517) 42297 (0527) 62727 (0526) 2028237 (0531) 22764 (0513) 21903 (0551) 24209 4. Teuku Umar. 21918/9 (0541) 742562. 46. Kel.Seberang Komplek Pertokoan Mall Lembuswana Blok C No. Raya Sunset Road. 298.70927 (0512) 61029 (0518) 22205/7. Denpasar Jl WR Supratman No.Yani KM 3. 48C Jl Gatot Subroto Barat No. 19 . 23707 (0517) 41055 (0527) 61062. Gajah Mada No. Sungai Danau Jl. 151 Banjarmasin Jl. 419 . 16. Gatsu Timur. No. Gianyar Jl.Padangsambian Koja. BARABAI 8. Denpasar Barat. Amuntai Jl. Hayam Wuruk No. 62075. Samarinda Jl. 98 Banjarmasin Jl. A. Yani No. 22021. 365924 (0517) 22575 (0541) 742592 (0541) 261138 30 DENPASAR UBUD BANJARMASIN BANJARMASIN 1. 3252992 (0511) 4365768 (0511) 353862.Ds. 26. (0517) 21611/12. M. Kesuma Negara No. 21073. Peliatan. KOTABARU 7. Banjarmasin TELEPHONE (0361) 772524 (0361) 3609597 (0361) 420229 FACSIMILE (0361) 772524 (0361) 8475991 (0361) 430752 29. Jend. Masjid. Jend.

Kel. Achmad Yani RT 1 No.5. 21666.46 B RT. Nunukan Jl. 151. Sangata Baru Jl. S. Sudirman No. 4799030 (0526) 2021189 (0532) 21138. M. Gunung Mas Jl. MUARA TEWEH 1 Puruk Cahu 13. TANJUNG REDEP 16. 41774 (0554) 21043. 721072 (0511) 47720420 (0536) 21507. Lima Desember No. H. Martapura Jl.22901 (0537) 31567 (0536) 4041377 (0511) 4799010. Ds. Kc. 21028. 5508563 (0511) 33266610. Jend. 61 A. A. Komet. Teratai No. Panajam. 93. Tanah Grogot Kel. 24324 (0532) 26807.Yani Km 35. Kurun. Yani No. 2 Rt. 661416 (0545) 41424. Kec. Brigjen. Yani No. 21173. Dasar Kav. BONTANG 1 Pupuk Kaltim KCP 0565 (0548) 41223 (0548) 41221 26. 21123.15. MARTAPURA 1 A. Dr. BANJARMASIN A. Haryono No. Kasongan Km. Redeb Jl. Jend. TENGGARONG 1 Melak 15. 22556 (0543/0542) 5607867 (0512) 21058. 31735 (0541) 661953. Pangkalan Bun Jl. Kel. 63. Tanjung Selor Jl. 3270953. 9. Banjarbaru. TANJUNG 22. Kab Panajam Paser Utara Jl. Melak. 21655. 23412 (0543) 21157. Pleihari Jl. 08. Beriwit. Sutomo. 5. Kayu Tangi Bjmsn TELEPHONE (0556) 22992 (0519) 21119.03. Buntok Jl. 20.YANI 1 Kayu Tangi KC KC KCP 0563 0623 0663 (0549) 25666. 21015. 662828. Petung. Katingan Jl.OUTLET 1 Nunukan TYPE OF OUTLET KCP KC KCP KC KC KCP KC KC KCP KC KC KCP KC KCP KCP KC KC KC KCP KC KC KC BRAND CODE 0627 0209 2059 0210 0212 0626 0213 0214 1113 0239 0242 1060 0243 1053 2060 0244 0249 0282 2047 0303 0306 0333 ADDRESS Jl. 2. 4. PANGKALAN BUN 1 Mendawai 23. Km 3. Murung. A.Banjarbaru Jl. Antasari No. Piere Tendean RT II No. 26808 (0525) 21300.22392. P. Palangkaraya Jl Singarunjan.Brigjen Hasan Basri No. Tenggarong Jl. Muara Teweh Jl. Kel. Paku Aji. Wisma KIE Lt. MARABAHAN 21. 3270954 (0511) 3302025 (0549) 21155 (0511) 3271876 (0511) 3304468 420 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Basri No. Tjilik Riwut Rt. .79.A. Komp.T. Panglima Batur No. Ahmad Yani Rt. 21016. A.Mendawai Sukmara. Maulana. 21614 (0528) 3032488 (0517) 31015. 22990/1. Kawasan Industri PKT Bontang Town Centre Jl. 21019.08 Rw. 4. Kabupaten Kutai Barat Jl. TANJUNG SELOR 25. PALANGKARAYA 1 2 Kuala Kurun Katingan 20.01. Kec. Pancasila No. Kuala Kurun. 85. RANTAU 14. Kec. 25350 FACSIMILE (0556) 22965 (0519) 22701 (0528) 3032405 (0517) 31975 (0541) 661404 (0545) 41703 (0554) 23413 (0543) 22646 (0543/0542) 5232983 (0512) 210903 (0511) 721292 (0511) 47720420 (0536) 3221593 (0537) 31429 (0536) 4041133 (0511) 4799001 (0526) 2021915 (0532) 23223 (0532) 26807 (0525) 21295 (0552) 21079 (0548) 21091 12. No.5. SANGATTA 27. 21019 (0552) 21300.1. Bontang 75311 Jl. PLEIHARI 18. Tumenggung Surapati No. 21096. 1050 Tj. Marabahan Jl Putri Zaleha No. 21194 (0511) 721870.03 Tanjung Tabalong Jl. Jend. Banjarmasin Jl. 21093. Murung Raya Jl. Pangkalan Bun Jl. 31150. Yani No. TANAH GROGOT 1 Penajam 17. 21766/7. kab. 24314. Cut Nyak Dhien 14-15. Rantau Jl. A. 141. Jend. BUNTOK 24.Yani Banjarbaru 19. 22741 (0548) 21085. 2-A.

Layang. 421 . WATAMPONE 6. Soekarno Hatta. 21389 (0484) 21135. Sam Ratulangi No. 21003. Sukarno Hatta No. Yani No. AMBON 1 2 Waihaong Pulau Buru KW KANINS KC KCP KCP KC KC KCP KCP KCP KCP KC KC KC KC KCP KC 0202 (0411) 313174.9A. 25335/7 (0481) 21408. 312928 (0411) 433110 (0411) 335434 (0411) 3193366 (0411) 3650332 (0421) 25273/4. Waihaong. 1 Jl. 3121678. Balikpapan Baru.H.7 Banjarmasin Ruko Taman Citra Blok C No. 146.8 Lt. Diponegoro No. 322974 (0411) 312498.7. A. 21262.11.488-C Rt. Majene Jl. BALIKPAPAN A. Makasar Jl Urip Sumoharjo. Jend. Palopo Jl. Mulawarman Rt.54 AB. Ambon Jl. YANI 1 2 3 4 Graha Pena Makassar Panampu Slamet Riyadi Ratulangi 4. KENDARI ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 11. 21104 (0473) 21710/11/12 (0401) 3124101. 312931. Manggar Baru. 2. Bunga Cengkeh Jl. 8 Makassar Jl. 315108. Kampung Melayu Kel. Yani No. Kampung Melayu Kec. 17. 312785.68 RT 005 Balikpapan Jl. Yani No. Suhada No.YANI 1 2 Kebun Sayur Balikpapan Baru 3 Bandara Sepinggan KCP 1136 (0542) 771589 (0542) 771590 4 5 Balikpapan Super Block Balikpapan Manggar KCP KCP 2078 2112 (0542) 7213718 (0542) 771850 (0542) 7213718 (0542) 771720 6 Rapak KCP 2121 (0542) 416748 (0542) 734209 MAKASSAR MAKASSAR 1. Block F-02. K. Balikpapan Jl. Komp. 741371 (0542) 875304. Makassar Jl. Kendari 2. Balikpapan Jl. Makassar Jl. Masamba Jl. Ratulangi No. 21002 (0411) 312051. Karangrejo Kec. 323507 (0911) 356563. Banjar Timur Banjarmasin Jl. Kec. Marsma R Iswahyudi No. Sultan Babullah No. Letjend Suprapto No. 131.26. Balikpapan Jl. WATANSOPPENG 7. 29. M. 21836. Ruko. A. Pare-Pare Jl. 8. Kel. 875199 FACSIMILE (0511) 3272805 (0542) 734209 (0542) 746884 (0542)872817 28. 356563 (0913) 21484 (0422) 21434. Jend Sudirman No. Watampone Jl. A. 23136 (0471) 23662. A. 3121677 (0411) 365535 (0411) 312731 (0911) 355177 (0911) 356565. Km 0.5. Haryono.OUTLET 2 3 Melayu Palapan TYPE OF OUTLET KCP KCP KC KCP KCP BRAND CODE 2130 2131 0630 0624 1142 ADDRESS Jl. Ambon Jl. Ramli No. MAKASSAR A.64 RT 49 Kel. Yani KM 7. 6.2-4. 355277 (0913) 21499 (0422) 21903 (0411) 312068 (0411) 433110 (0411) 335433 (0411) 3193363 (0411) 319360 (0421) 25336 (0481) 23643 (0484) 23177 (0471) 22855 (0473) 21710 (0401) 3123177 0001 0562 2144 0047 0050 1073 2054 2051 2086 0064 0111 0118 0187 0641 0192 Jl. MT. MAJENE 3. PALOPO 1 Masamba 8. PARE-PARE 5.5 Balikpapan Jl.28 No. Blok B2 No. Yos Sudarso No. Kawasan Balikpapan Super Block. Makassar Jl.47. Slamet Riyadi No. Watansoppeng Jl. Makassar Jl. Karaeng Buraine No. 355277 (0911) 314849. Makassar TELEPHONE (0511) 3272806 (0511) 4240110 (0542) 442027 (0542) 746883. Kel. Sepinggan. Bontoloa. Merdeka No. Balikpapan Tengah Kota Balikpapan Jl Achmad Yani No. 18. 5. Gatot Subroto No. Jend. 312083. Balikpapan Komplek Ruko Sepinggan Jl.

8. 188. Merdeka No. DR. HM.21479 (0428) 21468/9. Gowa Jl. PINRANG 14. Kolaka Jl. 2321039 (0403) 2521008. Polewali Jl. 21037 (0421) 91650. Mamuju Jl. RATULANGI NO 20. Jend. 97. 921056. 81849 (0414) 21707.Pasang Kayu.Mamuju Utara Jl. Maros Jl. . 22081 (0421) 922227. 124C. 21820 (0482) 21055. 87 Kel. 22476 (0418) 21028. Rantepao Jl Kartini No. Raha Jl. JENEPONTO 24. Jend. 22032. 21062. Kemakmuran No. KOLAKA 1 11. 2 Sidodadi Kec. 1. 21065. PANGKEP 18. Tumpas Kec. H. 1. Mamasa. Sengkang Jl. 372221 (0411) 882056. 21043. MAMUJU 1 Pasang Kayu Lasusua 0217 0218 21333 0219 0220 0221 0222 0223 0224 0225 2053 2052 0232 0240 0250 0252 0253 0257 0258 0259 0645 2042 0260 0281 Jl. Wonomulyo Kab. S. Sudirman No. 21163. BARRU 17. Sinjai Jl. 21212.S. 22162 (0916) 21179. Cokroaminoto No. 21342 FACSIMILE (0428) 22585 (0485) 22414 (0405) 2322249. Kemakmuran No. 21676. POLEWALI 1 2 Wonomulyo Mamasa 28. 74. RAHA 12. Jend. 861057 (0411) 861525 (0411) 821583 (0423) 27014/5 (0413) 21093/5. 371185. Sudirman No. Polmas Jl. Kec. Jend. ENREKANG 15. TUAL 422 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Palangga.OUTLET 1 Unahaa TYPE OF OUTLET KCP KC KC KCP KC KC KCP KC KC KC KC KC KC KC KCP KCP KC KC KC KC KC KC KC KC KCP KCP KC KC BRAND CODE 0644 0195 0216 ADDRESS Jl. 33. Barru Jl. 17 Bantaeng Jl. Jeneponto Jl. MAROS 19. 21666. Jend. Benteng Selayar Jl. Kab.Andi Depu. Andi Magga Amirullah No. Sultan Alaudin No. Sudirman 237. Achmad Yani No. 132. 21118. TAKALAR 23. MAKALE 21.O. 21414. 21055 (0411) 371675. BENTENG SELAYAR 26. 2521028 (0426) 21598. Syech Yusuf No. 2322581 (0403) 2522401 (0426) 21171 (0421) 922200 (0420) 21036 (0421) 90437 (0427) 21818 (0410) 21333 (0411) 372197 (0411) 883654 (0411) 861053 (0411) 821636 (0423) 21159 (0413) 21162 (0418) 21797 (0419) 21791 (0413) 82440 (0414) 21224 (0482) 22053 (0428) 22310 (0428) 52137 (0428) 2841034/36 (0914) 21463 (0916) 21342 9. 21543. BULUKUMBA 25. Masohi Jl. Pinrang Jl. Poros Lasusua Lapai Kel. Sungguminasa Jl. Kendari Jl. Let. 1. Sapati No.21071. 21600 (0410) 22591/2. Kab. Tual Maluku Utara 13. MASOHI 29. Unaaha. 371085. 22228/9 (0413) 81155. SINJAI 27. 22333 (0428) 52247/48 (0428) 2841035 (0914) 21083. 9. Lasusua Kab. 91489/90 (0427) 21080.101. 862310. 81101.4. Jend. Achmad Yani No. Mamasa Jl. Takalar Jl. Kab. Manjarungi 1. 2. Makassar Jl. SENGKANG 10. 21191. Persatuan Raya No. 96. Pahlawan No. Sungguminasa. Kec. Dg. 6. Kel. Bung Tomo No. SIDRAP 16. Andi Mallombasang No. 297. Sidrap Jl Sultan Hasanuddin No 90. BANTAENG 22. Poros Palangga. 921729 (0420) 21065. AnoaNo. SUNGGUMINASA 1 2 Sultan Alaudin Pallangga Mas 20. Abdullah Soulissa No. 21275 (0419) 21126. Enrekang Jl. Sukowati No. Bulukumba Jl. Lasusua Kec. Kolaka Utara TELEPHONE (0428) 22586 (0485) 21191/2/5 (0405) 2321582. Pangkep Jl. Sudirman.

Kec. KOTAMUBAGU 3. 858784 (0431) 870805 (0431) 8880262 (0451) 454000/1/2/3. Jl W Monginsidi.31-33. PALU 1 5. Kecamatan baruga. 863377. 21078. Kota Kendari Jl Sarapung No. 863778 (0431) 852189. Manado Jl.4-6.Piere Tendean Ruko Mega Mas Jl. 7. 4-6. Dr. Yani No. 21796. Palu Timur. Kec. 313983 FACSIMILE (0971) 22107 (0402) 2823178 (0411) 322246 (0411) 3651654 (0411) 323991 30 BAU-BAU 31. 22072. 21811 (0918) 21545 35. Saumlaki. La Ode Hadi Basy Pass Kendari . Komplek Ruko Km. Sulawesi Tengah Jl. Sudiang. Pahlawan Revolusi No.Trans Sulawesi Desa Dente Bungku Tengah Jl.12 Kel. 2821783 (0411) 326339. MANADO 1 2 3 4 4. Makasar Jl Wahidin Sudirohusido No. 21014. Perintis Kemerdekaan. Manado Jl Martadinata No. 1. Kotamobagu Jl.OUTLET 1 Dobo TYPE OF OUTLET KCP KC KC KCP KCP BRAND CODE 1059 0326 0343 0664 1074 ADDRESS Jl Lukas Mairering Kec. Makassar Jl. 21926 (0401) 3194425 (0431) 862779 (0431) 861440 (0435) 821046 (0435) 826314 (0434) 21224 (0431) 867435 (0431) 841919 (0431) 873794 (0431) 843832 (0431) 8880262 (0451) 427140 (0451) 454243 (0452) 21134 (0464) 21525 (0921) 25585 0027 2023 0036 0054 0688 0689 2003 2024 0060 1291 0072 0566 2025 0103 Jl. 826657 (0435) 826313.Tanimbar Selatan. 21135 (0464) 21095 (0813) 41010806 (0921) 21280/90. 234. 312177 (0411) 3651717. 824465. PulauPulau Aru. Yos Sudarso No.16. WUA WUA MANADO MANADO 1. Mohamad Hatta No. Kelurahan Bende. Bhineka No. PANAKKUKANG KC 0642 (0411) 444715 (0411) 444715 34. Maluku Tenggara Barat Jl. 3651654 (0411) 335065. 8. Palu Jl. MAKASSAR SOMBA OPU 1 2 Tanjung Bunga Latimojong 3 Sudiang KCP 2085 (0411) 555125 - 32. Makassar Jl.12 No. Manado Jl. 843375 (0431) 855031. 423 . POSO 1 2 Ampana Morowali Sudirman Beulevard Marthadinata Pinaesaan Mega Mas KCP KC KCP KCP KC 6. 466000 (0451) 456188 (0452) 21133. TAMALANREA KC 0403 (0411) 580338 (0411) 581378 33. 311. Ruko 237. Ternate 2. Pinaesaan. 21345. Kel. Palu. 863978 (0435) 824156. Ampana Jl. A.2. Bau-bau Jl. 863378. 830201. GORONTALO 1 Agus Salim KC KW KANINS KC KCP KC KC KCP KCP KCP KCP KC 0646 0254 (0401) 3195395 (0431) 863592. Tikala. Sarapung No. 866752 (0431) 844700. Bau Massepe 21. 12. SAUMLAKI KC 0643 (0918) 21544. Kel. 3&4. Kab Kepulauan Aru Jl Kartini No. Kota Gorontalo Jl. Jl Latimojong No. Makassar Jl. 21901 (0431) 863177. Sudirman No. Sudirman No. 41 Makassar Komp. 21472 (0402) 2821858. 21.87 C. 17 Agustus No. 852747. TERNATE ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Besusu Barat. Poso Jl.Wenang. Kel. Pulau Sumatera No. 61 Kec. 316289. Manado TELEPHONE (0917) 22080. Makassar Jl Perintis Kemerdekaan. Manado KompBahu Mall Blok S. Ruko Metro Latimojong. Kec. Panakukang Mas Boulevard Ruko Jasper I No. Naniwwarta Bone Gorontalo 22 Gorontalo Jl. Manado Jl. Agus Salim. 10. 826315 (0434) 21887.

Kel. 16. LIMBOTO 1 Marisa 13. Tahuna Jl. 61896 (0450) 21321. JAYAPURA 1 2 3 Abepura Kota Jayapura Waena 3. Tobelo . Ranoiapo. Sudirman No. Jend. 322738. Soa Sio Jl. Mepanga.Sulawesi Kel. Buol Jl. Kc. Jend. 534638. Jend.OUTLET 1 2 7. Abepura Komp.42. Banggai. 37 Pusat Pertokoan. Kotaraya. 534841 (0967) 583062 (0967) 531244 (0967) 585363 (0969) 31221. 321248 (0431) 355287 (0430) 21178 (0436) 881445/7. 21635 (0455) 314263 (0967) 524470. Raya Tomohon. TIMIKA Kaimana KCP KC KC 424 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 17/31. Desa Marisa Utara.1&2. Serui Jl. Kec. Parigi. Argapura No. Sutomo No. Merauke Jl Merdeka. Kel. 21666. TOLI-TOLI 1 Pogogul Buol Banggai Kepulauan Tobelo Ternate Selatan TYPE OF OUTLET KCP KCP KC KCP KC KC KC KCP KC KCP KCP KC KCP KC KC BRAND CODE 1114 2129 0167 0647 0168 0226 0227 1057 0237 0649 1054 0279 0648 0280 0363 ADDRESS Jl Pelabuhan Ke. Pattimura No. Nabire. Maluku Utara Jl. I No. PARIGI 1 Kotaraya KCP KW KC KC KCP KCP KCP KC KC KC 1076 0856 0308 0307 0640 2141 2142 0311 0352 0687 2140 0309 0561 (0455) 314264 (0967) 524452 (0981) 23605 (0967) 537682 (0967) 584627 (0967) 531244 (0967) 583463 (0969) 32266 (0971) 323518 (0984) 26121 (0957) 21843 (0983) 31305 (0901) 322603 JAYAPURA 1. Kab. Yani No. Gamsungi. Wamena Jl. Sudirman No. 22784/5 (0453) 21195 (0455) 211304 (0431) 321412. 21634. Jl. Mandapar. SOA-SIU 14. NABIRE 1 6. Kec. 144.1. Utarum No. Nabire Jl. A. Kec Amurang. Hasan Esa. Krooy. Paslaten I Lingk. 880100 (0443) 210369 (0921) 61046.Budi Utomo No. 31297 (0901) 321827. 524453 (0981) 21519. Jend. 21915 (0967) 533585.32980 (0971) 321062. 21159.Trans . TONDANO 1 2 Tomohon Amurang 12. Kab. 61600. BIAK 2. Jayapura Kantor Wilayah Pos XI Papua dan Maluku. Kel. Banggai Kepulauan Jl.1. WAMENA 4. Kota Kaimana Jl. 21647 (0432) 21318/9. SERUI 7. Sudirman No. Bitung Jl. Yani No. Trans Sulawesi.4-6. Limboto Jl. 21636. 179. 322488. 321593 FACSIMILE (0924) 22540 (0921) 3110448 (0461) 21153 (0462) 21556 (0438) 32177 (0432) 25585 (0453) 23195 (0455)211309 (0431) 322420 (0431) 355289 (0430) 21178 (0436) 881446 (0443) 210429 (0921) 61298 (0450) 21632 11. 21892 (0983) 31304/06. Marisa. Tabuko. Buol. BITUNG 9. Kel Oyehe. Parigi. Kel. Yani Kotak Pos 365. Pahuato Jl. Luwuk Jl. Lompio. Kec. Mutong Jl Tadulako no 8 Ds. 82 Lt. MERAUKE 5. Ternate Selatan. 1. Jend. Kec. Timika TELEPHONE (0924) 22540 (0921) 3110252 (0461) 21103/04. Toli-Toli jln Syarif Mansyur. Pinaesaan SK No. Biak Jl. Usman Binol No. Dr. 1. 534856. . Minahasa Selatan Jl. 21252. Raya Mandala 8.15. Lipunoto. 321956 (0984) 26120 (0957) 21843. 22756 (0462) 21555 (0438) 21037. Tondano Jl. Kel. Bantaya Kec. Trikora 81. 50. Kaimana. Jl Pahlawan No. Jayapura Jl. 269. Ruko Modern Kodya Jayapura Kawasan Ruko Padang Bulan Jl. LUWUK 1 8.Halmahera Utara Jl. TAHUNA 10. 321447/9. Parigi Moutong Gedung Pelni Lt. A. A.

Yos Sudarso No. MANOKWARI 1 2 Bintuni Prafi 11. Manokwari Jl Pangeran Diponegoro Kec Fak-fak. 321430. Distrik Aimas. Sentani. Tuturuga. A. Prafi. Yani No. SORONG 1 Aimas 10. SENTANI 9. Propinsi Papua TELEPHONE (0901) 321827 (0967) 593211 (0951) 321109. 321525 (0951) 328084 (0986) 214589. Kecamatan Abepura. 11. Kec. 211850. ABEPURA KC 0446 (0967) 583062 (0967) 584627 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Kalamalu.III. Jayapura Jl. 425 . Timika Jl.24. Fak-Fak Jalan raya Abepura. 214590 (0955) 31101 (0986) 811001 (0956) 25410 FACSIMILE (0901) 32213 (0967) 593156 (0951) 322085 (0951) 328084 (0986) 213811 (0955) 31101 (0986) 811003 (0956) 25411 8. Sorong Jl. Raya Kemiri Sentani. Yos Sudarso. FAK . 211943.OUTLET 1 Freeport TYPE OF OUTLET KCP KC KC KCP KC KCP KCP KC BRAND CODE 2100 1082 0310 2064 0353 1080 2063 1081 ADDRESS Jl. Teluk Bintuni Kampung Aimasi SP. Klademak II. Sorong Jl. Kelurahan Hedam.FAK 12. Kab. Manokwari Jl Raya Bintuni Kec Bintuni. Kel.

co. 251 0254 Facsimile: (62-21) 250 0065.Indonesia Phone: (62-21) 251 0244. 250 0077 CORPORATE SECRETARIAT BRI I Building 20th Floor Jl. 44-46 Jakarta 10210 . .id 426 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.Contact Address PT Bank Rakyat Indonesia (Persero) Tbk. Jenderal Sudirman No.id EMAIL humas@bri.bri. 44-46 Jakarta 10210 .Indonesia Phone: (62-21) 575 1966 Facsmile: (62-21) 570 0916 WEBSITE www. HEAD OFFICE BRI I Building Jl.co. Jenderal Sudirman No.

General 1 2 3 In good and proper Bahasa Indonesia. or since the commence of the business if the company conducts business activities for less than 5 years. Summary of Key Financial Information 1 Financial information is presented in a comparison within the period of 5 financial years. ROA 2. Each page. The information includes: 1. Compliance for Allowance Profitability: 1. Front cover. back-cover. Fixed Assets to Capital Earning Assets: 1. Financial Highlights ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Excess of Legal Lending Limit 3. ROE 3. LDR Compliance: 1. it is also recommendended to present the report in English Printed on light-colored paper. The information include 5 (five) financial ratios related to the economy sector of the company 7 Chapter 1. 427 . or since the commence of the business if the company conducts business activities for less than 5 years. Foreword. Net Profit (Loss) 5. Business Profit (Loss) 4. Operating Expenses to Operating Income Liquidity: 1. Foreword. so it is clear and easy to read. Gross Profit (Loss) 3. Sales/Income from business 2. The Annual Report is presented on the Company’s website. Net Working Capital 2.Navigation of Annual Report BRI 2010 for Capital Market and financial Institutions Supervisory Agency (BAPEPAM-LK ) No I. The information includes: 1. √ √ √ Annual report in English is present separately Criteria Report Year Page BRI Annual Report 4 √ II. 2. Net Open Position 7 Chapter 1. Financial Highlights Capital: 1. Financial Highlights 7 Chapter 1. Non-Performing Loan 3. side-cover. Net Profit (Loss) per Share 2 Financial information is presented in a comparison within the period of 5 financial years. State clearly identity of the Company name of the Company and year of Annual Report are displayed on: 1. NIM 4. Foreword. Capital Adequacy Ratio (CAR) 2. Total Liabilities 5. Total Investment 3. Total Assets 4. or since the commence of the business if the company conducts business activities for less than 5 years. Allowance for Possible Losses to Earning Assets 4. Statutory Reserve 4. Non Performing Earning Assets 2. Violation on Legal Lending Limit 2. Total Equity 3 Financial information is presented in a comparison within the period of 5 financial years.

2. The Board of Commissioners Chapter 4. Total Bond and Convertible Bond outstanding 2. Foreword. The information includes: 1. 2 Report of the Board of Directors The information includes: 1. 4. 3. 30 31 Chapter 1. Transaction volume Page 8 BRI Annual Report Chapter 1. Chronology of Subordinated-Debt Listing 4. Committees of the Board of Commissioners Chapter 1. Signed of All Members of Board of Commissioners and Directors stating their names and positions. The price of shares prior to the last revision in capital should be adjusted in the event. Information to Shareholders 1. among others. 2. Annual General Meeting of Shareholders 2010 3. Dividend Payment 3. Chronology of Share Listing 5. Change of Board of Commissioners’ Composition (if any). closing price and the number of shares placed on the market (listed) for each quarterly period in the last two financial years. or written explanation in a separate letter from the other members in the event that there is no written explanation provided by the said members. Signatures on the Separate Page. View on the prospects of the company’s business as established by the Board of Directors.No 4 Criteria Report Year The Annual Report must include information on the highest price of shares. Foreword. . Rating of Bonds 9 Chapter1. Bond Highlights III. Foreword. 3. Shares Highlights Exhibit: 1. 3 Signatures of Members of Directors and Members of Commissioners The information includes: 1. 4. The highest price 2. Foreword. Statement of Responsibility of the Board of Commissioners and the Board of Directors 10 12 153 Chapter 1. Dividend Payment 2. Interest Rate 3. Business Prospect Implementation of good corporate governance by the company 3. Management Stock Option Program 6. Assessment of the performance of the Board of Directors in managing the company. Written Explanation on separate Letter from each member of the Board of Commissioners or Board of Directors who refuses to sign the annual report. Share Ownership 7. Committees under the Board of Commissioners’ Supervision. Good Corporate Governance. 2. Trading Activities (2008-2009) 55 Chapter 2. Change of the Board of Directors’ Composition (if any). Remark from President Commissioner Chapter 1. dividends shares and bonus shares. Statement that the Board of Directors and the Board of Commissioners are fully responsible for the accuracy of the annual report. that it was due to share split. The lowest price 3. lowest price of shares. Supervisory Report of the Board of Commissioners Chapter 4. Quarterly Share Price 2. Report of President Director 156 18 428 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Good Corporate Governance. comparison between achievement and target. Company Profile. Company Performance covers strategic policy. Use of the Proceeds from Initial Public Offering (IPO) 5 The Annual Report must include the number of bonds or convertible bonds issued within the last two financial years. The information includes: 1. Foreword. Maturity date 4. and the obstacles faced by the company. Closing price 4. Report of the Board of Commissioners and the Board of Directors 1 Report of the Board of Commissioners The information includes: 1. Foreword.

No IV. Shares Ownership of Commissioners and Directors 124 9 Composition of Shareholders covering: 1. Working Experience Identities and Profile of Members of the Board of Directors The information includes: 1. Company Profile. Shares Ownerships Chapter 4. Directors and Commissioners Who Own Shares 3. Company Profile. Company Profile. Organizational Structure Chapter 1. Name 2. Position (Includes Position in Other Corporates or Institutions) 3. Human Resources Content: • Employee Welfare • Industrial Relation and Company Culture • Training and Education Chapter 2. Company Profile. Trainings 4. Age 4. Operation Review. Age 4. Working Experience Total Personnel (comparative in 2 years) and description of competency development. Company Profile. Foreword. Company Profile. Employee Equal Treatment 5. Total Employee based on Education 3. Management Discussion and Analysis. Company’s Vision. Date of Company’s establishment 2. Company Profile 1 Criteria Report Year Page BRI Annual Report Name and Company Address 34 Chapter 2. Explanation on Company Vision. The information includes: 1. Explanation on Company Mission. Company General Information 3 34 35 96 Chapter 2. Education 5. Total Employee based on Each Organization Level 2. Names and Position Vision and Mission of the Company Covering: 1. Company Profile. Information to Shareholders. Personnel Expenses 36 4 6 40 Chapter 2. Board of Directors 8 54 Chapter 2. Business Review Chapter 2. Name of Shareholders who own 5% or More of Shares 2. Company General Information 2 Company’s Brief History The information includes: 1. Name 2. 2. Disclosure. Public Shareholders. 429 . Company Profile. Human Resources Content: • Employment by Status • Employment by Education Chapter 3. Position (Includes Position in Other Companies or Institutions) 3. Company General Information Chapter 2. Management Discussion and Analysis. whom of each owns less than 5% of shares 61 208 and 210 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Mission & Corporate Culture 4 5 Organization Structure Chart. Banking Products and Services Chapter 3. BRI at a Glance Chapter 2. Identities and Profile of members of the Board of Commissioners The information includes: 1. Good Corporate Governance. Company Profile. Board of Commissioners 7 44 Chapter 2. Name and Changed Company’s Name (if exists) Company Business Covering products and services 2 34 Chapter 1. Foreword. Education 5.

Small. Name of Awards 2. Chronology of Share listing Chapter 2. Change of the number of shares from the beginning of listing to the end of financial year 4. Name of Stock Exchange where company securities are listed 5. Company Profile. Company Profile. International Business 6. Public Accounting Firm and Capital Market Supporting Institution Chapter 2. Information on Subsidiaries or Associated Companies 4. Institution presenting the award 4. Company Profile. Period of valildity Name and Address of Subsidiaries and Branch Offices or Sub-Branch Offices (if any) 68 16 52 Chapter 2. Company Profile.No 10 Criteria Report Year Subsidiaries and or Associated Companies The information includes: 1. Name and Address of Public Accounting Firm 3. Name of Subsidiaries/Associated Companies 2. Chronology of shares listing 2. Information to Shareholders. Percentage of Shares Ownership 3. Name and Address of Securities Rating Company Company Accountant 9 59 Chapter 1. Bond Highlight Chapter 2. Name of Stock Exchanges where the company’s shares are listed 59 Chapter 2. Foreword. Name and Address of Share Registrar 2. Subsidiaries 11 Chronology of shares listing covering: 1. Company Profile. Information to Shareholders. Company Profile. Chronology of other securities listing 2. . Subsidiaries 223 Chapter 6. Business Segment Review Content: 1. Change of the number of securities from the beginning of listing to the end of financial year 4. Information on Operating Status of Subsidiaries or Associated Company Page 62 BRI Annual Report Chapter 2. Awards 15 Awards and certifications received by the company on both national and international scale The information: 1. Rating of securities Name and Institution of profession supporting the capital market The information contains: 1. Company Profile. Corporate Action that cause changes the number of securities 3. Company Profile. Subsidiaries 62 223 389 V. Years 3. Commercial Business 4. Company Profile. Management Stock Option Plan 60 12 Chronology of other securities listing covering: 1. Public Accounting Firm and Capital Market Supporting Institution 14 70 Chapter 2. Corporate action that causes changes in the number of shares 3. Institutional and State-Owned Enterprises Business 5. Management Discussion and Analysis 1 Operational Review per Business Segment 96 Chapter 6. Issuance of Rupiah SubordinatedDebt 13 70 Chapter 2. Management Discussion and Analysis. Treasury and Capital Market Supporting Services 430 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Micro. Networks and Total Operating Units Chapter 2. and Medium Enterprises Business 2. Subsidiaries BRI Networks and Addresses Chapter 3. Consumer Business 3.

Interest Expense Chapter 3. The pupose of the ties 2. 85 Chapter 3. Management Discussion and Analysis. Current Liabilities. Financial Review. Loan Quality Chapter 3. Financial Ratio related with the Transparency Chapter 3. Management Discussion and Analysis. Capital Structure 2. Fixed Assets and Total Assets 2. Discussion and Analysis of Financial Information that was reported concerning extraordinary and rare events. Business Review Chapter 3. Financial Review. Management Discussion and Analysis. Management Discussion and Analysis. Management Discussion and Analysis. Management Discussion and Analysis. Management Discussion and Analysis. Sales/Income from Business 4. 431 . Financial Review. Net Profit/Loss Discussion and Analysis on capacity to pay debts and company receivables quality The information: 1. Capital Structure Policies 3. Source of fund to fulfill the ties 3. Financial Review. Equity Chapter 3. Financial Review. Income Statement Chapter 3.No 2 Criteria Report Year Description on Company Financial Performance Analysis of Financial performance covering comparison between financial performance of the current year and that of previous year which include (in the form of narration and table): 1. Expenses 5. Income Statement Chapter 3. Management Discussion and Analysis. Management Discussion and Analysis. Currency Denomination 4. Financial Review. Management Discussion and Analysis. and Liquidity covering: 1. Management Discussion and Analysis. Liquidity 87 89 89 5 Discussion on material tie for capital expenditure covering: 1. Events After the Date of Financial Report 7 76 8 76 96 9 Discussion and analysis of the impact of price changes to Company’s Sales . Significant Event Chapter 3. Management Discussion and Analysis. Financial Review. net Profit as well as operating profit in 2 (two) years or since the company set up the business if the company has been operating less than 2 (two) years. Financial Review. Fixed Assets and Capital Expenditure 6 91 Chapter 3. Management Discussion and Analysis. Management Policy on Capital Structure Policies. Current Assets. 76 78 10 Material Information and facts that occured after the date of accountant report 93 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Corporate’s Planned Steps to Protect the Currency Risk Related to the ties . non-current Liabilites and Total Liabilities 3. General Overview of the Company Chapter 3. Management Discussion and Analysis. Financial Review. Management Discussion and Analysis. Recivable quality Page 72 BRI Annual Report Chapter 3. Capacity to pay debts 2. Financial Review 76 3 84 Chapter 3. Income Statement. Financial Review. Capital Adequacy Ratio (CAR) 87 89 4 Discussion and Analysis on Capital Structure. Description of substantial components of other income and expenses to calculate company profit If Financial Statement discloses material improvement or deterioration of Sales or Net Income.Current Liabilities. Financial Review. Financial Ratio related with the Transparency Chapter 3. Financial Review. Management Discussion and Analysis. Borrowing & Subordinated Debt Chapter 3. then it should be explained the impact related with the company sales or new product/services. Income Statement Chapter 3.

Page 92 BRI Annual Report Chapter 3. Amount Dividend per Year 2. Management Discussion and Analysis. there is should be a written statement regard this subject 15 Material information regarding Investment. Changes in Accounting Policy 432 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Company Business Prospect Chapter 7. Investment in Shares Chapter 3. Foreword. Management Discussion and Analysis. Management Discussion and Analysis. Conflict of Interest Transaction 91 94 16 Material informations related with Conflict of Interest Transaction with Affiliated Party covering: 1. Financial Review. Management Discussion and Analysis. Acquisition. Information to Shareholders. Expansion. Purpose of the Transaction. Management Discussion and Analysis. Detail of budget plan 4. 8 56 91 92 Chapter 3. Amount of the transaction or restructuring. Affiliated Relation 3. Used of the Proceeds from IPO Chapter 3. Financial Review. Financial Review. Budget plans 3. 2. . Dividend Payment Policy 227 92 12 96 227 13 Statement regarding Dividend Policy. Note: if there is no referred transaction. Management Discussion and Analysis. Total proceeds 2. Bank Agro Acquisition Chapter 4. Dividend per shares 3. should be disclosed 212 17 Description of changes of Regulations that have significant effect to the company Covering: Notes on regulations changes and its impact to the company 76 Chapter 3. date and amount cash dividend per share and amount Dividend per year as announced or paid during the past 2 (two) years. Compliance Report. 3. Divestment. CompanyProfile. should be disclosed . Name of the Parties 2. Financial Review. Management Discussion and Analysis. Dividend Payment Chapter 3. Note: if there is no referred transaction. Transaction in current period. Others Financial Information. Financial Review. Explanation of of the Transaction. Good Corporate Governance. covering: 1. Change in budget plan (if any) Note: If all of the IPO proceed has been used. macro economy. Information Related to Investment/Divestment Chapter 3. Financial Review. 2011 Strategic Plan Chapter 1. 2011 Strategic Plan Chapter 3. Financial Review. Other Financial Information. Dividend payout ratio 14 The use of IPO proceeds 91 covering: 1. international market supported by quantitative data support if there is reliable source of data Description on Marketing Aspect Discussion on Marketing of Company’s products and services including market share. Financial Review. Sources of fund. the Use of Rupiah Sub-Ordinated Debt II Issuance Funds 85 Chapter 3. Others Financial Information. Marketing Aspect Chapter 3. Balance 5. Business Review Chapter 7. Event after the Date of Financial Report. Financial Statement.No 11 Criteria Report Year Description of Company’s Business Prospect Description of Company’s Business Prospect related to industry. Management Discussion and Analysis. 4. Management Discussion and Analysis. Loan Restructuring or Capital covering: 1. Management Discussion and Analysis. Financial Review. Share Highlight Chapter 2.

. Independence of the members of Remuneration Committee. Good Corporate Governance. the reasons and the impact toward Financial Report. Meeting Frequency. 4. Names. Description of duties implemented by the Board of Commissioners 2. Meeting Frequency. Duties and Responsibilities. Positions. Risk Management Supervisory Committee Chapter 4. Good Corporate Governance. Names. Good Corporate Governance. Meeting Frequency and Attandance of Remuneration Committee 156 Chapter 4. Meeting Frequency and attandence of Committee 167 Chapter 4. Description of duties implemented by the Board of Commissioners 2. Meeting Frequency and Attendance of Audit Committee 4. Training program to improve the Board of Director Competency 3. Brief Report on activities of Audit Committee. covering: 1. Nomination and Remuneration Committee 6 Other committees in the Company covering: 1. 4. Description of activities of Remunerations Committee. Meeting Frequency and attendance of Nomination Committee. Committees of the Board Commissioners. 3. 4. Directors 4. 2. Good Corporate Governance. 4. Attendance of the Board of Commissioners in the meetings 5. Duties and Responsibilities. Positions and Profile of Committee Members 2. 3. Positions and Profile of Nomination Committee Members 2. Duties and Responsibilities. Good Corporate Governance. 3. 5. Remuneration Committee covering: 1. Financial Report. Good Corporate Governance. 5. and Profile of Audit Committee Members. Committees of the Board Commissioners. 5. Independence of the members of Committees. Page 76 BRI Annual Report Chapter 3. Names. Description of activities of Committees. 3. 160 Chapter 4. Names. Description of activities of Nomination Committee. Financial Review. Summary of Accounting Policies 252 VI. Note to the Consolidated Financial Statement. 433 . . Committees of the Board of Commissioners. Committees of the Board Commissioners. Management Discussion and Analysis. 5. Good Corporate Governance. Board of Commissioner Chapter 4. Committees of the Board of Directors covering: • Risk Management Committee • Assets and Liabilities Committee (ALCO) • Credit Polilcy Committee • Credit Committe • Information System and Technology Steering Committee • PMO Steering Committe • Human Resources Policy Commitee • Job Evalution Committe 175 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Good Corporate Governance 1 Information of the Board of Commissioners covering: 1. Audit Committee 171 153 Chapter 4. Duties and Responsibilities. 4. 3. Nomination and Remuneration Committee 5 160 Chapter 4. Independence of the members of Audit Committee Nomination Committee. Independence of the members of Nomination Committee 3. Positions and Profile of Remuneration Committee Members 2. Disclosure of the procedures of determining and the amount of remunerations for the Board of Commissioners. Disclosure of the procedures of determining and the amount of remunerations for the Board of Commissioners.No 18 Criteria Report Year Description of Changes in Accounting Policy covering: Description should contain changes of Accounting Policies. Attendance of the Board of Commissioners in the meetings 2 Information of the Board of Directors covering: 1. Audit Committee covering: 1. Changes in Accounting Policy Chapter 8.

Disclosure. Compliance. Disclosure. Program of Education Development 3. Internal Audit Charter 4. Management Discussion and Analysis. Company Partnership program 2. Program of Art and Culture Development 5. Name and Profile of Corporate Secretary 2. Operation Review. business competition. Internal Audit. Compliance Report. Expenses incurred Description of Activities and Expenses related to Corporate Social Responsibility. Procedures for handling customer complaints Chapter 4. Structure of Internal Audit 3. international regulations and government policy). foreign government regulation. Corporate Social Responsibilty Chapter 4. Good Corporate Governanace. . Services and Network. Efforts in Managing the Risks 140 Chapter 3. Corporate Social Responsibility 13 213 Chapter 4. Disclosure. Duties 199 Chapter 4. particularly Community Development Program covering: 1. Name of the Head of Internal Audit 2. particularly Community Development Program covering: 1. Duties and Functions of Corporate Secretariat covering: 1. Procedure of determining of remuneration in SOP. Service Quality Improvement Program 3. Corporate Social Responsibility 434 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 2. Good Corporate Governance. Certification of Environmental Management 4. 2. Fund Allocation for Corporate Social Responsibility Chapter 4. Explanation on risks faced by the company (for example risk caused by exchange rate and interest fluctuation. Program of Health Improvement 4. Operational Review. Risk Management Chapter 4. Good Corporate Governance. Disclosures.No 7 Criteria Report Year Description of the policy of determining the amount of remunerations for the Board of Directors Related with Company Performance covering: 1. particularly Community Development Program covering: 1. Internal Audit. Services. Management Discussion and Analysis. Supply of raw material. Procedures for Handling Customer complaints Chapter 5. Compliance. Fund Allocation for Corporate Social Responsibility 217 Chapter 5. Remuneration Policy/Package and Other Facilities for Commissioners and Directors 8 196 Chapter 4. Fund Allocation for Company Social Responsibility 213 213 217 12 Description of Activities and Expenses related to Corporate Social Responsibility. Good Corporate Governance. Establishing Customer Complaint Centre 2. Good Corporate Governance. Expenses incurred 213 217 Chapter 5. Activities of Environmental Management 3. Expenses incurred 132 Chapter 3. Activities of Environmental Conservation 2. Corporate Secretariat 9 Description of Internal Audit covering: 1. Good Corporate Governance. Good Corporate Governance. and Risk Management Functions 10 Description of company’s Risk Management covering: 1. and Risk Management Function 203 11 Description of Activities and Expenses related to Corporate Social Responsibility. Good Corporate Governance. Duties of Corporate Secretariat Page 208 BRI Annual Report Chapter 4. Performance indicators of the Board of Director.

Good Corporate Governance. Distribution of the Code of Conducts to employee and effort to uphold the Code of Conducts Reinforcement 4. Financial Statement. suppliers and tax payment during the current year for operating activities.No 14 Criteria Report Year Litigation Cases faced by Issuer or Public Company. Financial Statement. mass media. 232 Chapter 8. Impact on Company Financial Condition Page 211 BRI Annual Report Chapter 4. Good Corporate Governance. as follows: 1. employee. internal audit and risk management function. 435 . Company Website 211 212 15 Access to Information and Company data. Independent Auditor Report 4 231 236 241 243 245 248 7 241 Chapter 8. Board of Directors’ Statement Regarding the Financial Statements’ Responbility 2 3 234 234 Chapter 8. Disclosung of activities that do not influence Cash Flow. KAP license number (if exists) Comprehensive Financial Statement that contains all Elements of the financial statement. Description Opinion covering: 1. Litigation Cases Chapter 4. 3. compliance. Financial Highlight Chapter 8. Use of a Direct Method 2. Content of Code of Conducts 3. Balance Sheet 2. Statement concerning the Corporate Culture 206 16 200 Chapter 4. Status of case settlement 4. etc. Foreword. Compliance Report. Internal Fraud and Effort of Resolution Chapter 4.11. website. Corporate Secretariat. Compliance Report. VIII. Equity Statement 4. Financial Statement. Cash Flow Statement 5. the Board of Directors Responbility on Financial Statement Accountant Opinion on Financial Statement and compliance with SPAP-IAI Description of Independent Auditor opinion. for instance. Financial Statement. members of the Board of Directors and Commissioners covering: 1. Internal Audit Function. Good Corporate Governance. Disclosure. description of information and data availability for public. mailing list. bulletin. Code of Conducts VII. The Existence of Code of Conducts 2. Date ofAudit Report 3. Code of Conducts covering: 1.G. Name & Signature 2. Good Corporate Governance. Investment and Funding. Financial Information 1 Statement of the Board of Directors concerning the Responsibilities of the Board of Directors on the Financial Statement in accordance with Bapepam-LK No. Material of the case 2. Case Status 3. Income Statement 3. Presentation on addition and payment Long-Term borrowing and dividend payment for Funding Activities. Financial Statement. Important Cases Faced by the Company. Group into three categories: Operating Activities. Consolidated Statement of Income Chapter 8. 245 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Separating the presentation between cash received and or cash expended to customer. 6. Good Corporate Governance. Note on Financial Statement Comparison of Profitability Explanation on Income Statement in current and previous year. 2. Consolidated Statement of Cash Flow 5 6 Presentaton of Cash Flow Statement that meets the following requirements: 1. Member of the board of Commisioners and member of Board of Directors Chapter 4. Independent Auditor Report Chapter 8. Financial Statement Consolidated Balance Sheet Consolidated Statement of Income Consolidated Statement of Changes in Equity Consolidated Statement of Cash Flow Note to the Consolidated Financial Statement Chapter 1.

Financial Statement. 2. Reconciliation between Income Tax and the result of multiplying the accounting profit with the prevailing rate and disclosing the basis for the tax rate calculation 2. Fiscal Reconciliation and calculation of current tax. Details of transaction type. Investment Valution 4. Net position of asset and liabilities in Foreign Currency. liabilities. Basic concept of Financial Statement 2. Note to the Consolidated Financial Statement. name of affiliated party. The most current of Financial Accounting Standard and Other Regulations Issues need to be disclosed: 1. Taxation 10 252 Chapter 8. Issues that should be disclosed are: 1. Income Statement. Statement that the amount of taxable profit as calculated through reconciliation is in accordance with the tax return 4. and 2. Summary of Accounting Policies 11 252 Chapter 8. type and element of transaction with affiliated parties. Price Policy and term of transaction and a statement on whether the application of said price policy and term are the same as the price policy and term for transaction with a third party Disclosure related to the matter which must be disclosed other than type and total tax obligation 1. Management Discussion and Analysis. Page 252 BRI Annual Report Chapter 8. Tax Expense 336 Chapter 8. Details on Assets and Liabilities in Foreign Currency and its equivalent in Rupiah. Financial Statement. Nature of the affiliation. Disclosure of whether or not there is a tax dispute . 9 81 Chapter 3.No 7 Criteria Report Year Summary of Accounting Policy. Assets and Liabilities in Foreign Currency Things should be disclosed: 1. Recognition of income and overhead 3. liabilities. sales and purchase (Charge) to the affiliated parties and percentage against the total assets. Note to the Consolidated Financial Statement. sales and purchases. 4. Note to the Consolidated Financial Statement. 5. and total receivable and or related debts 2. Details of individual assets. Related Parties Transactions. covering: 1. 3. 3. 5. Explanation of Financial Accounting Standard and the new regulation impacted on Company activities. Summary of Accounting Policies 436 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 3. Financial Statement. Financial Statement. Basis of Earning per share calculation Transactions with affiliated party. Details of Assets and Liabilities in deferred tax presented in the balance sheet in each period of presentatiom. The reasons if the hedging is not done. Note to the Consolidated Financial Statement. and amount of income deferred acknowledge in the income statement if the amount is not evodent in the asset or liability of deferred tax acknowledge in the balance sheet 5. Summary of Accounting Policies 8 260 Chapter 8. Details of future contract and its equivalent in Rupiah. . Note to the Consolidated Financial Statement. Risk Management Policy of Foreign Currency. Valuation and depreciation method of fix assets 5. Explanation of transaction that are not related to the core business and the amount of debt / account receivable in connection with the transaction 4. Financial Statement. Impact of new Financial Accounting Standard.

total value. disclosing the related parties. and portion realized. 5. a description on the parties to be covered and the party receiving the guarantee. agency and distribution. a description on the related parties in the agreement. managerial assistance. period of validity of the guarantee. and separating the affiliated parties and third party for the party being covered. Significant Agreement. and other restrictions. royalty and license. for example in environmental issues. a description on the related parties. Financial Statement. purchase agreement. the reason for issuing guarantee. Operation Review. 2. 437 . For ties in the form of a lease agreement . 4. For government regulations that bind the company. the period of validity. currency. and amount of guarantee. etc. such as: factory construction. Lawsuit/dispute. Management Discussion and Analysis. For ties in the form of a contract/agreement which requires the use of funds in the future . issues need to be disclosed: 1.No 12 Criteria Report Year Commitments and Contingencies. basis for determining compensation and fine. For giving guarantee. Commitment and Contingencies Chapter 3. Page 371 BRI Annual Report Chapter 8. the amount being dispute. investment. period of validity. a brief description of regulation and its impact on the company. technical. amount of charge or income in reporting period. Note to the Consolidated Financial Statement. the background. Risk Management 140 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 3. content and status of the case. and a legal opinion.

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